CENTER OF INTEGRATION IN LEARNING AND TEACHING (CILT) LIMITED

Executive Summary

The company exhibits significant financial distress characterized by negative net current assets and shareholders' funds, coupled with minimal operational activity. While statutory compliance is up to date, liquidity and solvency risks are elevated, warranting further investigation into the company's business model and financial management strategies.

CENTER OF INTEGRATION IN LEARNING AND TEACHING (CILT) LIMITED - Analysis Report

Company Number: 13599879

Analysis Date: 2025-07-20 14:21 UTC

1. Risk Rating: HIGH
   The company shows significant negative net current assets and shareholders' funds, indicating insolvency risk. The liabilities substantially exceed current assets, and this has worsened year-on-year. The absence of employees and minimal assets suggests operational challenges.

2. Key Concerns:

• Solvency risk: Negative net current assets of £5,610 as of 30 September 2023, deteriorated from £1,892 the prior year, indicating an inability to meet short-term obligations from current assets.
• Liquidity concerns: Current liabilities (£5,838) far exceed current assets (£228), raising concerns over cash flow and immediate payment capacity.
• Operational sustainability: No employees reported and minimal current assets imply limited business activity or revenue generation, questioning the viability of ongoing operations.

3. Positive Indicators:

• The company is current with statutory filings (accounts and confirmation statements), indicating compliance with Companies House requirements.
• Ownership and control are concentrated in a single director with clear accountability, which can simplify decision-making.
• The company benefits from audit exemption due to micro-entity status, reducing compliance costs.

4. Due Diligence Notes:

• Investigate the nature of the company's business activities given the SIC code (post-graduate level higher education) and absence of employees or material assets.
• Review cash flow statements or management accounts if available to assess liquidity in more detail.
• Clarify the director’s plans for addressing the negative equity and working capital deficit, including any capital injections or restructuring efforts.
• Confirm if there are any contingent liabilities or off-balance-sheet obligations not reflected in the accounts.
• Obtain information on revenue streams and client contracts to assess operational sustainability.