Company Number: SC730510

Analysis Date: 2025-07-19 12:21 UTC

1. Risk Rating: HIGH
   Clarkmove Limited shows a recurring net liability position with negative shareholders' funds (£7,960 in 2024, worsening from £4,467 in 2023), a significant working capital deficit (net current liabilities of £56,994 in 2024), and dependency on director loans for liquidity. These factors collectively indicate a high risk from a solvency and liquidity perspective.

2. Key Concerns:

• Solvency and Net Liability Position: The company has negative net assets and shareholders’ funds, indicating liabilities exceed assets, which is a red flag for financial stability.
• Working Capital Deficit: High current liabilities (£69,358) substantially exceed current assets (£12,364), indicating potential short-term liquidity issues.
• Director Loan Dependency: The company relies heavily on a director loan of £55,918, repayable on demand, raising concerns about sustainable external financing and going concern assumptions without continued director support.

3. Positive Indicators:

• No Overdue Filings: The company is up to date with both accounts and confirmation statement filings, indicating regulatory compliance in this area.
• Active Status and Recent Incorporation: Incorporated only in April 2022 and currently active, suggesting the company is still in an early growth or establishment phase.
• Single Director with Significant Control: Clear ownership and control structure with Mr. Austin Ronald Clark, which may facilitate swift decision-making and support.

4. Due Diligence Notes:

• Review the company’s cash flow forecasts and creditor payment history to assess liquidity management and ability to meet short-term obligations.
• Investigate the director loan terms, including any interest charges, repayment conditions, and the director’s capacity and willingness to continue support.
• Examine the company’s revenue generation and profitability trends (income statement missing) to evaluate operational sustainability.
• Confirm any contingent liabilities or provisions not fully detailed and assess potential impact on future financial position.
• Consider risks associated with the intangible asset (goodwill) amortisation and impairment, as goodwill remains a significant asset (£37,840) relative to total assets.