Company Number: 12598689

Analysis Date: 2025-07-20 14:09 UTC

1. Risk Rating: MEDIUM
   BLP Wealth Management Ltd shows signs of operational continuity but has experienced a significant decline in net assets over recent years. While it remains solvent at the balance sheet date, the sharp reduction in net current assets and shareholders’ funds warrants caution.

2. Key Concerns:

• Declining Net Assets: Net assets dropped markedly from £10,889 in 2023 to £1,826 in 2024, indicating potential erosion of capital or operating losses.
• Low Working Capital: Net current assets have fallen from £9,380 to £644, leaving a narrow buffer to cover short-term liabilities, which could cause liquidity stress if cash inflows slow.
• Tax Liability: A substantial corporation tax creditor of £15,905 is recorded as a current liability, which may pressure cash flows if not settled timely.

3. Positive Indicators:

• No Overdue Filings: The company’s annual accounts and confirmation statements are up to date, reflecting good regulatory compliance.
• Director Control and Stability: The sole director, Mr. Benjamin Laurence Pollard, holds full ownership and voting control, implying decision-making is centralized and stable.
• Cash Position: Despite declines, cash remains at £11,681, which provides some liquidity cushion.

4. Due Diligence Notes:

• Investigate the cause of the marked decline in net assets and working capital between 2023 and 2024, including any one-off expenses or impairments.
• Review cash flow statements and forecasts to assess if liquidity pressures might emerge from the sizeable corporation tax creditor.
• Confirm the sustainability of the director’s loan advances and whether these are expected to be repaid or converted into equity.
• Evaluate operational performance and profitability trends given the absence of turnover data in the accounts document.
• Verify the adequacy of financial controls and governance given the small size and sole director structure.