BLAKES WORKPLACE SOLUTIONS LTD

Executive Summary

BLAKES WORKPLACE SOLUTIONS LTD presents a low solvency and liquidity risk profile with steadily improving financial strength and compliance adherence. The company benefits from strong working capital and equity growth, though limited disclosure on profitability and concentrated ownership warrant further review. Overall, the business appears financially stable and operationally viable based on available data.

BLAKES WORKPLACE SOLUTIONS LTD - Analysis Report

Company Number: 12591940

Analysis Date: 2025-07-20 13:58 UTC

1. Risk Rating: LOW
   The company demonstrates solid liquidity and solvency metrics with consistently positive net current assets and shareholders' funds. There are no overdue filings or indications of regulatory non-compliance. The financial position has improved year-on-year, indicating operational stability.

2. Key Concerns:

• Concentration of control: Mr. Michael Byrne owns 75-100% of shares, which may pose governance risks if decision-making lacks independent oversight.
• Absence of audited accounts: The company qualifies for exemption from audit, but lack of an audit can limit external assurance on financial accuracy.
• Limited disclosure on profitability: Income statement details are not filed, restricting insight into operational profitability and cash generation quality.

3. Positive Indicators:

• Strong liquidity position: Cash balances increased to £358,535 and net current assets rose to £380,361 as of 30 September 2024, reflecting healthy working capital.
• Progressive growth in assets and equity: Shareholders’ funds increased from £82,424 in 2019 to £406,838 in 2024, indicating sustained capital accumulation.
• Compliance track record: All statutory filings, including accounts and confirmation statements, are up to date with no overdue submissions.
• Stable employment base: Employee numbers have grown modestly, suggesting operational scaling without overextension.

4. Due Diligence Notes:

• Review detailed management accounts or internal financials to assess profitability and cash flow sustainability beyond balance sheet strength.
• Investigate debtor aging and credit risk given the substantial increase in trade debtors to £439,981, which could affect liquidity if not collectible timely.
• Evaluate governance structures due to concentrated ownership to ascertain risk mitigation measures for minority interests or operational continuity.
• Confirm the nature and adequacy of provisions for taxation and social security liabilities, which have increased alongside creditors.
• Consider obtaining assurances on fixed asset valuations and depreciation policies for accuracy and consistency.