BRIDGING THE GAP FOR HEALTH PRACTITIONERS LIMITED

Executive Summary

Bridging The Gap For Health Practitioners Limited currently faces high financial risk due to negative net assets and working capital deficits, which raise solvency and liquidity concerns. While regulatory compliance is maintained and management asserts ongoing viability, the company’s limited capital and asset base warrant close scrutiny of cash flows and creditor obligations. Further due diligence is recommended to clarify operational sustainability and financial resilience.

BRIDGING THE GAP FOR HEALTH PRACTITIONERS LIMITED - Analysis Report

Company Number: 13230371

Analysis Date: 2025-07-29 14:26 UTC

1. Risk Rating: HIGH
   The company exhibits negative net assets and shareholders' funds as of the latest financial year, indicating solvency concerns. The net current liabilities position and declining working capital further highlight liquidity risks. The company’s relatively short trading history and small capital base add to operational vulnerability.

2. Key Concerns:

• Solvency deterioration: Net assets declined from a positive £5,533 in 2023 to negative £1,517 in 2024, signaling accumulated losses and potential financial distress.
• Negative working capital: Net current assets fell from a positive £4,723 in 2023 to a deficit of £3,107 in 2024, which could impede meeting short-term obligations.
• Minimal share capital (£100) and limited tangible assets (£1,590) offer little buffer against financial shocks or creditor claims.

3. Positive Indicators:

• The company is current on all statutory filings including accounts and confirmation statements, demonstrating compliance with regulatory requirements.
• The director’s report states a going concern assumption based on forecasts and projections, suggesting management believes the business can continue operating.
• Cash holdings of £8,888 provide some immediate liquidity, although insufficient to cover all current liabilities.

4. Due Diligence Notes:

• Investigate the company’s revenue generation and profitability trends to understand the root causes of accumulated losses.
• Review detailed cash flow statements (not provided) to assess operational cash generation and liquidity management.
• Examine the nature and terms of current liabilities to evaluate any imminent repayment pressures or creditor negotiations.
• Consider the background and financial strength of the principal controllers who hold significant shares and voting rights.
• Confirm the accuracy and assumptions underpinning the director’s going concern assertion, given the negative net asset position.