CONVERT CONSULTING LTD

Executive Summary

Convert Consulting Ltd is a newly formed private limited company currently reporting negative net current assets and shareholders' funds, indicating short-term solvency challenges. While compliant with regulatory filings and operating in a promising IT consultancy sector, the company’s limited financial history and operational scale suggest a high-risk profile requiring further due diligence on business viability and cash flow. Continued monitoring is advisable to assess improvement in financial stability.

CONVERT CONSULTING LTD - Analysis Report

Company Number: 15054150

Analysis Date: 2025-07-20 13:04 UTC

1. Risk Rating: HIGH
   Justification: The company is newly incorporated (2023) and shows a net current liability position (£-576) with negative shareholders' funds, indicating it is currently insolvent on a balance sheet basis. The financial data is minimal and reflects a startup phase with no significant assets or revenue yet. This elevates solvency and liquidity risk.

2. Key Concerns:

• Negative net current assets and shareholders' funds suggest the company does not currently have sufficient resources to meet short-term liabilities.
• The company has only one employee (the director) and limited financial history, raising questions about operational sustainability and revenue generation.
• Director’s loan balance (£476 owed to the company by the director) may indicate informal financing, which is common but underscores limited external capital.

3. Positive Indicators:

• The company is compliant with filing deadlines for accounts and confirmation statements, indicating good governance and regulatory adherence thus far.
• Director holds full control and voting rights, which can simplify decision-making in early-stage companies.
• Industry classification (IT consultancy and information technology services) is a sector with growth potential.

4. Due Diligence Notes:

• Investigate the company’s business plan and revenue projections to assess operational viability and growth prospects.
• Review cash flow statements or bank records (if available) to evaluate liquidity beyond the static balance sheet snapshot.
• Confirm the nature and terms of the director’s loan and any other informal financing arrangements.
• Monitor subsequent filings for improvements in financial position and any changes in director or shareholder structure.