Company Number: 13145487

Analysis Date: 2025-07-29 14:13 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Buckman Consultancy Ltd is a very small private limited company with minimal net assets (£78) and limited working capital. The company is active and filing accounts on time, which is positive. However, net current assets are marginally positive and cash balances, though improved, remain low at £3,668. The business shows no fixed assets and depends heavily on short-term liabilities. The director is the sole significant controller and has an interest-free loan with the company, which was partially repaid recently, signaling some financial discipline. The company is reportedly in the process of being wound up, which represents a significant credit risk. Given these factors, credit should be extended cautiously and preferably with limits or collateral, or for short-term facilities only.

2. Financial Strength:
   The balance sheet is extremely thin with net assets of just £78 as of 31 March 2024, up slightly from £61 the prior year. Total current assets are £5,497 against current liabilities of £5,419, resulting in a very tight working capital position. The company holds no fixed assets, relying solely on receivables and cash. The shareholder equity is minimal and the company’s share capital is just £1. The director’s loan receivable (£1,368) is included in debtors, which somewhat inflates current assets but represents funds lent to management rather than external customers. Overall, the financial strength is weak, reflecting a micro-sized consultancy with limited resource buffers.

3. Cash Flow Assessment:
   Cash at bank improved substantially from £619 to £3,668 year-on-year, indicating some recent cash inflows or better cash management. Debtors have decreased from £4,575 to £1,829, which may indicate improved collection or reduced sales volume. Current liabilities increased slightly to £5,419. Net current assets are positive but minimal (£78), suggesting very limited liquidity cushion. The working capital position remains tight, and the company’s ability to meet short-term obligations depends on continued receipt of cash from debtors and control of payables. The interest-free director loan balance has decreased, which is positive for liquidity. However, given the very small scale, any unexpected cash outflows or delays could pose difficulties.

4. Monitoring Points:

• Follow up on the company’s winding-up status and any formal insolvency proceedings, as this is a critical credit risk factor.
• Monitor cash balances and debtor collections closely to ensure liquidity does not deteriorate.
• Watch creditor balances, especially taxes and social security obligations, for any build-up of overdue amounts.
• Review director loan movements and related party transactions for any financial strain indicators.
• Track turnover and profitability trends through management accounts or interim financial updates, as current data is limited.
• Confirm ongoing compliance with filing deadlines and any changes in company status or ownership/control.