Company Number: 15003936

Analysis Date: 2025-07-20 18:55 UTC

1. Credit Opinion: APPROVE with conditions Concept c Consultancy Limited is a newly incorporated private limited company (July 2023) operating in a niche consulting sector (SIC 71122: engineering related scientific and technical consulting activities). The latest financials for the first 13-month period ending July 2024 show a positive net asset position (£6,182) and net current assets of £4,648, indicating initial financial stability. The company has no overdue filings, which reflects compliance with statutory requirements. However, as the company is early stage with limited operating history and modest asset base, we recommend approval subject to ongoing monitoring of trading performance, cash flow generation, and timely filing of future accounts to ensure sustainability and repayment capability.

2. Financial Strength:

• Net assets of £6,182 primarily comprise cash and minimal fixed assets (£1,534 computer equipment net of depreciation).
• The balance sheet shows net current assets of £4,648, demonstrating positive working capital.
• Current liabilities total £7,093, including £5,102 other creditors and £1,991 taxation/social security liabilities.
• Share capital is nominal (£1), with accumulated profits of £6,181 reflecting retained earnings or initial capital injections.
• Absence of debt or bank borrowings suggests no financial leverage or interest burden at this stage. Overall, the balance sheet shows a modest but positive equity base with sufficient liquidity to cover short-term obligations.

3. Cash Flow Assessment:

• Cash position at £11,741 is the main current asset, providing a liquidity buffer.
• Positive net current assets indicate working capital is sufficient to meet short-term liabilities.
• The company’s operations have so far been funded from equity or internal cash generation; no external debt is apparent.
• Limited fixed assets and a one-person operation imply low fixed overheads, supporting cash flow flexibility.
• The lack of detailed profit and loss data restricts assessment of operating cash flow trends; however, no adverse indicators appear. Liquidity appears acceptable for current scale, but cash flow generation should be tracked as the business grows.

4. Monitoring Points:

• Monitor revenue growth and profitability as the company progresses beyond start-up stage.
• Watch cash flow from operations to ensure ongoing ability to meet liabilities and potential credit terms.
• Track creditor balances and taxation liabilities for timely settlement to avoid liquidity strain.
• Ensure compliance with filing deadlines to mitigate regulatory risk.
• Review director’s conduct and governance as sole director and 100% shareholder (Cristina Cristea) holds full control.
• Assess impact of market conditions on consulting demand within engineering and technical sectors.