Company Number: 13032799

Analysis Date: 2025-07-19 13:03 UTC

1. Risk Rating: MEDIUM
   Chesilton Group Limited demonstrates moderate solvency with net assets of approximately £201k as of March 2024. However, it exhibits persistent negative net current assets (working capital deficit) around £168k, indicating liquidity concerns. The lack of audit exemption and limited turnover data restrict a full assessment of operational stability.

2. Key Concerns:

• Negative Working Capital: The company has consistently reported net current liabilities (~£168k), reflecting potential difficulties in meeting short-term obligations from current assets.
• Limited Cash Reserves: Cash holdings have dropped significantly from £6,333 in 2023 to £831 in 2024, suggesting tight liquidity and potential cash flow stress.
• Concentration of Creditors: A large portion of current liabilities (£169k in 2024) is classified as other creditors, which may include related party payables or loans, raising concerns about the nature and terms of these commitments.

3. Positive Indicators:

• Positive Net Assets: Despite working capital challenges, the company maintains net assets above £200k, supported primarily by investments valued at £366k, indicating underlying asset strength.
• Stable Fixed Assets and Investments: Tangible and financial assets have marginally increased, showing some asset base growth and potential for value realization.
• Timely Filings and Compliance: No overdue accounts or confirmation statements, indicating good regulatory compliance and governance in terms of statutory obligations.

4. Due Diligence Notes:

• Clarify Composition of 'Other Creditors': Investigate the nature, maturity, and repayment terms of the £169k other creditors to assess contingent risks.
• Revenue and Profitability Trends: Obtain detailed income statements or turnover figures to evaluate operational cash generation and sustainability of business activities.
• Cash Flow Analysis: Review cash flow statements for the last two years to understand liquidity cycles and funding sources.
• Related Party Transactions: Examine any related party dealings, especially given the large other creditors balance, to identify potential conflicts or financial dependencies.
• Director and Secretary Background Checks: Confirm there are no adverse records or disqualifications for the directors and secretary, especially as nationality details for the secretary are unknown.