CIBCO PROJECTS LTD

Executive Summary

Cibco Projects Ltd maintains a solvent position with current assets exceeding current liabilities and growing shareholders' funds. However, the sharp rise in trade and tax creditors presents potential liquidity risks that require further inquiry. Timely filings and no director concerns support regulatory compliance, but limited operational data restricts a full assessment of business sustainability.

CIBCO PROJECTS LTD - Analysis Report

Company Number: 13052179

Analysis Date: 2025-07-20 12:53 UTC

1. Risk Rating: MEDIUM
   The company shows positive net current assets and positive shareholders' funds, indicating solvency at the balance sheet date. However, the significant increase in current liabilities from £1,582 in 2022 to £78,856 in 2023, mostly trade creditors and tax liabilities, is a liquidity concern that warrants caution.

2. Key Concerns:

• Sharp increase in current liabilities (especially trade creditors and tax liabilities) in the latest year, potentially stressing cash flow.
• No reported turnover or profit figures (due to small company exemption), limiting assessment of operational performance and sustainability.
• Absence of employees suggests limited operational scale or possible reliance on contractors, which may impact business continuity.

3. Positive Indicators:

• The company holds cash of £98,064 as at 30 November 2023, exceeding current liabilities, indicating ability to meet short-term obligations.
• Shareholders’ funds have increased from £5,005 in 2022 to £19,208 in 2023, reflecting retained earnings growth.
• Accounts and confirmation statements are filed on time, reflecting regulatory compliance and good governance in filings.
• Directors are current with no disqualification records reported.

4. Due Diligence Notes:

• Investigate the nature and timing of the large trade creditors and tax liabilities to assess if these are due to normal business growth, delayed payments, or potential disputes.
• Obtain or review management accounts or turnover data to understand revenue trends and profitability given absence of income statement in filings.
• Clarify employment model and operational structure to evaluate business sustainability and dependency on key individuals or contractors.
• Confirm ongoing compliance with tax and statutory obligations given the material increase in tax creditors.