COMPULETE PROJECTS LIMITED
Company number 05113261 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Credit Analysis: COMPULETE PROJECTS LIMITED
1. Credit Opinion: DECLINE
This company presents an unacceptable credit risk for any meaningful facility. The business is balance sheet insolvent with net liabilities of £36,843 against negligible assets of just £548. There is no visible revenue generation, no employees, and a clear trajectory of financial deterioration. The company lacks any reasonable capacity to service new debt obligations, and existing creditors are unlikely to be satisfied in full. Any credit exposure would be speculative and unwise.
2. Financial Strength: Critically Weak
Balance Sheet Summary (Latest Filed - 30 June 2026):
| Metric | £ |
|---|---|
| Current Assets | 548 |
| Current Liabilities | (37,391) |
| Net Current Liabilities | (36,843) |
| Net Liabilities | (36,843) |
| Shareholders' Funds | (36,843) |
The balance sheet is deeply distressed. Current assets of £548 are derisory and represent a decline of 59% from the prior year (£1,330). Meanwhile, current liabilities have increased by 16% to £37,391. The company has been insolvent on a net asset basis for at least four consecutive reporting periods, with the deficit widening each year.
Historical Net Asset Trajectory:
| Year | Net Assets/(Liabilities) | Movement |
|---|---|---|
| 2020 | £19,880 | Last positive position |
| 2021 | £4,019 | -£15,861 |
| 2022 | (£16,032) | -£20,051 |
| 2023 | (£24,709) | -£8,677 |
| 2025 | (£32,764) | -£8,055 |
| 2026 | (£36,843) | -£4,079 |
The company has destroyed approximately £56,700 in shareholder value since 2020 with no signs of stabilisation.
Capital Structure: Share capital stands at a nominal £100. There is no equity cushion whatsoever. The P&L reserve is deeply negative, indicating accumulated losses far in excess of any retained profits.
3. Cash Flow Assessment: Non-Existent Liquidity
Working Capital Position: The company has negative working capital of £36,843. Current assets (£548) cover less than 1.5% of current liabilities (£37,391). This represents an extreme liquidity crisis.
Cash Generation Indicators: - Zero employees (including directors) in both the current and prior period - No tangible operating assets identified - Micro-entity filings obscure revenue and profit data, but the consistent erosion of net assets strongly suggests ongoing trading losses or creditor accumulation without corresponding income
Creditor Position: Creditors due within one year have grown from £696 (2020) to £37,391 (2026) — a 53-fold increase. This suggests either accumulated unpaid obligations, director loans converting to creditor balances, or other liabilities accruing without repayment capacity.
Solvency Concern: The company is unable to pay its debts as they fall due based on the balance sheet test (current assets massively insufficient to cover current liabilities). A creditor could potentially petition for winding up on insolvency grounds.
4. Monitoring Points: Significant Red Flags
| Risk Factor | Detail | Severity |
|---|---|---|
| Insolvency | Net liabilities of £36,843; balance sheet insolvent | Critical |
| Director Resignation | David Andrew Lewis resigned as director on 1 May 2026, mid-period | High |
| PSC Inconsistency | Lewis retains 50-75% shareholding despite resigning as director — potential governance risk | High |
| Frequent Year-End Changes | Year end moved from 5 April → 31 August → 30 June across recent filings, which can obscure trend analysis | Medium |
| Micro-Entity Filings | Minimal disclosure prevents assessment of revenue, profitability, or creditor composition | Medium |
| Registered Office | Care of Rodliffe Accounting Ltd at Canary Wharf — likely serviced/virtual office, no physical trading presence | Low-Medium |
| No Employees | NIL employees consistently reported — questions whether active trading is occurring | High |
| Dormant-Like Activity | Asset levels suggest near-dormant status, yet liabilities continue to accumulate | High |
Recommended Watchlist Triggers: - Any increase in filed charges or CCJs - Filing of notice of change of director or secretary - Late filing of accounts or confirmation statements - Any movement toward dissolution or administration
Additional Observations
Management Quality: The financial stewardship of this entity raises serious concerns. The 20-year-old company has cycled through periods of modest positive equity into deep insolvency, with no apparent corrective action. The recent director resignation mid-period (Lewis, May 2026) leaves sole director Tony Martin responsible, while Lewis retains significant control as PSC — an arrangement that creates potential governance uncertainty.
Business Viability: As a management consultancy with no employees and negligible assets, it is questionable whether this company is conducting any meaningful trading activity. The accumulation of liabilities without visible revenue generation suggests either dormant operations with accruing costs, or a business model that is fundamentally unviable.
Comparative Context: The 2017 position showed total assets of £81,269 — indicating the company once had a more substantial footprint. The decline to £548 in assets represents a near-total erosion of the business over approximately nine years.