Company Number: 14252614

Analysis Date: 2025-07-29 15:06 UTC

1. Credit Opinion: DECLINE
   Complete Recruit Consultants Ltd displays a significant and worsening negative net asset position, with net liabilities increasing from approximately £66,878 in 2023 to £122,465 in 2024. The company’s current liabilities far exceed its current assets, resulting in a negative working capital of £122,640 as of July 2024, which indicates poor short-term liquidity and a high risk of default on obligations. Given this financial deterioration and lack of profitability or capital injection evidence, the company currently lacks the financial strength and resilience to service any additional credit facilities reliably.

2. Financial Strength:
   The balance sheet reveals very limited fixed assets (£175) and declining current assets (£2,443 in 2024 vs. £3,284 in 2023), while current liabilities have almost doubled from £70,342 to £125,083 in the same period. The net liabilities position (negative shareholders’ funds) points to accumulated losses or insufficient equity support. This weak capital structure undermines the company’s ability to absorb financial shocks or invest in growth, signaling a fragile financial foundation.

3. Cash Flow Assessment:
   The company’s cash position is not explicitly stated for 2024, but total current assets dropped significantly alongside rising liabilities. The negative net current assets position suggests the company may struggle to meet short-term obligations without refinancing or equity injections. The absence of positive working capital and deteriorating liquidity position indicates constrained operational cash flow and heightened risk of payment delays or insolvency.

4. Monitoring Points:

• Monitor net current assets and liquidity ratios closely to detect any further deterioration.
• Watch for improvements in cash balances or reductions in short-term liabilities.
• Review management actions aimed at restructuring debts or raising new equity.
• Track profitability trends and cash flow generation in subsequent periods.
• Observe director changes and any indications of strategic shifts or financial support.