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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