CONTRACTOR CORE LIMITED

Executive Summary

CONTRACTOR CORE LIMITED is currently exhibiting high financial risk driven by negative net assets and poor liquidity. While the company maintains compliance with filing obligations and governance stability, its limited asset base and small scale raise concerns over operational sustainability. Further investigation into cash flows, director support, and revenue contracts is essential to assess future viability.

CONTRACTOR CORE LIMITED - Analysis Report

Company Number: 12895298

Analysis Date: 2025-07-29 15:53 UTC

1. Risk Rating: HIGH
   The company shows a deteriorating net asset position with net liabilities recorded in the latest accounts. Current liabilities exceed current assets by £5,012 against only £638 in current assets, indicating immediate liquidity stress. The trend from prior years shows a steady decline in net assets, now negative, which raises concerns about solvency.

2. Key Concerns:

• Negative Net Assets & Working Capital Deficit: The company has net liabilities of £181 as of the latest year-end, down from £424 negative the prior year, signaling ongoing financial distress.
• Limited Asset Base: No fixed assets and very low current assets indicate a lack of tangible collateral or resources to cover liabilities.
• Small Scale & Limited Staffing: Only one employee on average, with micro-entity status, suggests limited operational scale and potentially constrained revenue generation.

3. Positive Indicators:

• Current Filing Compliance: No overdue accounts or confirmation statements, indicating good regulatory compliance and up-to-date statutory filings.
• Stable Management: One director remains active and involved in filings, suggesting some continuity in governance.
• Niche Industry Focus: Operating in human resources provision (SIC 78300) can offer recurring revenue potential if managed effectively.

4. Due Diligence Notes:

• Further Review of Cash Flows and Profitability: Detailed P&L data and cash flow statements would provide insight into operational sustainability beyond balance sheet snapshots.
• Examine Director & PSC Backgrounds: Both directors reside in the Isle of Man and have significant control; understanding their involvement and financial support is critical.
• Investigate Contractual Revenue Sources: Confirmation of client base, contract terms, and receivables quality would clarify future cash inflows.
• Assess Contingent Liabilities: Clarify if there are any off-balance-sheet liabilities or impending obligations contributing to the negative net assets.