C SQUARED CONSTRUCT LIMITED

Executive Summary

C Squared Construct Limited is a growing private construction and consultancy firm with a strong liquidity position and clear shareholder control, positioned in the Southwest England market. Leveraging its dual capabilities in building and management consultancy, the company has solid foundations to scale operations and diversify services but must address asset limitations and client concentration risks to sustain growth. Strategic focus on geographic expansion, technology adoption, and partnership development will be critical to capitalize on market opportunities while mitigating operational and financial risks.

C SQUARED CONSTRUCT LIMITED - Analysis Report

Company Number: 12745943

Analysis Date: 2025-07-29 18:02 UTC

1. Market Position
   C Squared Construct Limited operates within the UK construction sector, specifically targeting domestic and commercial building projects, complemented by management consultancy activities. As a relatively young private limited company incorporated in 2020, it positions itself as a specialist construction firm with advisory capabilities, likely serving a niche market in the Exeter and broader Devon region.

2. Strategic Assets

• Financial Health & Growth: The company demonstrates solid financial growth, with net assets more than doubling from £52k in 2023 to £118k in 2024. This reflects improving profitability and balance sheet strength.
• Strong Working Capital: Net current assets have increased to £182k, indicating good liquidity and operational efficiency to fund ongoing projects without reliance on external financing.
• Shareholder Control: Majority ownership and voting rights (75-100%) lie with Mr. Andrew Clancy, ensuring decisive leadership and clear strategic direction.
• Industry Breadth: Engagement in both construction and management consultancy allows diversification of revenue streams, potentially providing a competitive advantage over pure construction firms.
• Experienced Leadership: The director, Mr. Kane Hibbard, is a building contractor by profession, adding operational expertise to the management team.

3. Growth Opportunities

• Scale Expansion: With increasing net assets and working capital, the company is well-positioned to scale operations by bidding for larger or more complex commercial construction contracts within the Southwest England region.
• Consultancy Services Growth: Leveraging the management consultancy SIC code, the firm can expand advisory services related to construction project management, sustainability, or regulatory compliance, which are growing client demands.
• Geographic Diversification: Expanding beyond Exeter and Devon into adjacent regions could capture additional market share and reduce geographic risk concentration.
• Technological Adoption: Investing in digital construction technologies (e.g., BIM, project management software) could improve operational efficiency and differentiate offerings.
• Strategic Partnerships: Forming alliances with architects, suppliers, or property developers could provide a pipeline of projects and stable revenue flows.

4. Strategic Risks

• Limited Scale and Asset Base: Fixed assets are minimal (£1,000 in 2024), suggesting reliance on subcontractors or leasing of equipment, which could constrain project capacity or margins.
• Client Concentration Risk: The significant debtor balance (£323k) relative to turnover (not disclosed but inferred) could indicate exposure to few large clients, increasing credit risk.
• Economic Sensitivity: Construction is vulnerable to economic cycles; downturns can reduce demand and delay payments, impacting cash flow.
• Dependence on Key Individuals: Concentrated control and leadership in a small management team may pose succession and continuity risks.
• Finance Lease Obligations: The continued finance lease liabilities (£104k) may restrict financial flexibility if not carefully managed as the company grows.