CIRENCESTER PHYSIOTHERAPY CENTRE LTD

Executive Summary

Cirencester Physiotherapy Centre Ltd demonstrates a low risk profile based on its first-year financials, with positive liquidity and solvency indicators and no compliance issues. However, the limited financial history and single-person control warrant further review to confirm operational stability and the recoverability of intangible assets. Overall, the company appears financially sound but requires additional data to fully assess ongoing risk.

CIRENCESTER PHYSIOTHERAPY CENTRE LTD - Analysis Report

Company Number: 12891426

Analysis Date: 2025-07-20 16:40 UTC

1. Risk Rating: LOW
   The company shows a solid net current asset position and positive shareholder equity in its first financial year. There are no overdue filings or indications of financial distress, suggesting a low immediate risk profile.

2. Key Concerns:

• Limited financial history: Only one accounting period is available, which restricts trend analysis and assessment of operational consistency.
• Intangible asset risk: The company holds £9,000 in goodwill, which requires ongoing impairment testing and could pose a risk if the expected cash flows do not materialize.
• Single employee and shareholder concentration: The business is small with only one employee and a sole controlling shareholder, which could present operational risk if key person dependency issues arise.

3. Positive Indicators:

• Positive net current assets (£24,607) and net assets (£33,607) indicate the company can meet short-term liabilities comfortably.
• No overdue statutory filings or compliance issues detected, reflecting good governance and regulatory adherence.
• Cash on hand (£80,066) covers current liabilities, supporting liquidity and operational stability.
• The company operates in the physical well-being sector, a service area with ongoing demand potential.

4. Due Diligence Notes:

• Obtain updated financial statements beyond the first year to evaluate growth, profitability, and cash flow trends.
• Review impairment testing procedures and assumptions related to goodwill to assess potential write-down risks.
• Investigate operational dependencies on the single employee/director and the potential impact of key person risk.
• Assess revenue recognition practices and customer concentration to evaluate sustainability of income streams.