BUCKINGHAM SCHOOL OF SETTING OUT ENGINEERING LTD

Executive Summary

BUCKINGHAM SCHOOL OF SETTING OUT ENGINEERING LTD is an active micro-entity with positive but modest net assets. Negative net current assets and significant long-term liabilities highlight liquidity and solvency risks, warranting further scrutiny. Compliance with filing requirements and stable equity provide some reassurance, but limited operational history constrains risk assessment.

BUCKINGHAM SCHOOL OF SETTING OUT ENGINEERING LTD - Analysis Report

Company Number: 13917424

Analysis Date: 2025-07-29 20:41 UTC

1. Risk Rating: MEDIUM
   The company shows modest net assets but negative net current assets and significant long-term creditors. While it is not currently overdue on filings and remains active, the balance sheet signals potential liquidity stress and solvency concerns over the medium term.

2. Key Concerns:

• Negative net current assets (£-264) indicate short-term liabilities exceed current assets, risking cash flow difficulties.
• Long-term creditors amounting to £6,255 are substantial compared to net assets (£2,137), suggesting leverage that may strain solvency.
• The company’s very recent incorporation (2022) and micro-entity status limit financial history and transparency, increasing uncertainty about operational stability.

3. Positive Indicators:

• The company is compliant with filing deadlines and shows no overdue accounts or confirmation statements, reflecting good governance discipline.
• Net assets are positive and stable compared to the prior year, indicating no immediate erosion of equity.
• The sole director and majority shareholder is actively involved and identifiable, which can support effective decision-making.

4. Due Diligence Notes:

• Investigate the nature and terms of long-term creditors to assess refinancing risks and obligations.
• Review cash flow projections and working capital management to evaluate liquidity under operational scenarios.
• Understand business model viability given the educational and engineering activities classification, including client base, revenue streams, and market demand.
• Clarify the reasons for director appointments and immediate resignations in February 2025 to ensure governance continuity.