COLMENAR ASSOCIATES LIMITED

Executive Summary

Colmenar Associates Limited is a start-up management consultancy with a solvent balance sheet and current regulatory compliance. While the company shows positive net assets, the limited operational history and concentration of control warrant monitoring. Liquidity depends heavily on debtor collection, and further due diligence on client contracts and director background is advised to assess ongoing viability.

COLMENAR ASSOCIATES LIMITED - Analysis Report

Company Number: 14785687

Analysis Date: 2025-07-20 12:48 UTC

Risk Rating: LOW

Justification:
Colmenar Associates Limited is a newly incorporated private limited company (incorporated April 2023) with its first set of accounts filed up to April 2024. The company shows positive net current assets and net assets, indicating a solvent position. There are no overdue filings or signs of regulatory non-compliance. The company is small, with only one employee and limited fixed assets, reflecting a low operational scale but consistent with a management consultancy start-up.

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Key Concerns:

1. Concentration of Control and Key Person Risk: The sole director and 100% shareholder, Mr. Jason Whitwell, controls all voting rights and director appointments, presenting key person risk if any issues arise with his availability or conduct.
2. Limited Financial History & Scale: Being a very recently formed company with only one financial year filed, the sustainability of operations and cash flow generation remains unproven.
3. Debtors Concentration and Liquidity: Debtors (£63,319) represent a large proportion of current assets relative to cash (£12,609). The company may be exposed to liquidity risk if these receivables are not collected promptly.

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Positive Indicators:

• Solvent Balance Sheet: Net current assets of £37,361 and net assets of £38,437 demonstrate a positive equity position.
• Timely Compliance: No overdue accounts or confirmation statements; all filings are up to date.
• Clear Industry Focus: Classified under SIC 70229 (management consultancy, other than financial management), a service-based sector typically requiring lower capital investment.
• Low Overhead Structure: Only one employee and minimal tangible fixed assets (£1,076), consistent with a lean operational model.

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Due Diligence Notes:

• Verify the age and collectability of the debtor balances to assess liquidity reliability.
• Review contracts or client concentration to understand revenue sustainability and debtor risk.
• Assess the director’s background and any potential conflicts of interest given the sole control of the company.
• Monitor future filings for revenue trends, profit generation, and cash flow statements once available.
• Confirm the company’s operational premises and any related party transactions, given the registered office address discrepancies in filings.

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