ELLIOTT LECORNU LTD

Executive Summary

ELLIOTT LECORNU LTD is a typical micro-sized IT consultancy start-up demonstrating steady growth in net assets and prudent financial management. Operating within a highly dynamic and competitive sector, the company benefits from flexibility and niche specialization but faces challenges common to small consultancies, including limited scale and market presence. Its future performance will depend on leveraging sector trends like digital transformation to build a sustainable client base.

ELLIOTT LECORNU LTD - Analysis Report

Company Number: 14193881

Analysis Date: 2025-07-29 14:23 UTC

1. Industry Classification
   ELLIOTT LECORNU LTD operates in the sector classified under SIC code 62020, which corresponds to Information Technology (IT) consultancy activities. This sector typically involves providing expert advice on IT strategy, system integration, software development, and IT project management. Key characteristics include a high reliance on skilled personnel, rapid technological change, and a competitive landscape with many small to medium-sized enterprises (SMEs).

2. Relative Performance
   As a micro-entity formed recently in 2022, ELLIOTT LECORNU LTD reports modest but positive financials, with net assets increasing from approximately £30k in 2023 to nearly £64k in 2024. Micro companies in IT consultancy often operate with minimal fixed assets but significant intangible value in expertise and client relationships. Compared to industry benchmarks, this company’s financial scale is typical for a start-up consultancy, showing prudent management of working capital (net current assets of £63.9k) and no signs of leverage or liabilities beyond short-term creditors. The single-employee structure aligns with many IT consultancies that begin as sole proprietorships or micro businesses before scaling.

3. Sector Trends Impact
   The IT consultancy sector in the UK has been influenced by trends such as digital transformation acceleration, cloud adoption, cybersecurity demand, and remote working solutions. These trends create opportunities for small consultancies to specialize in niche areas or agile project delivery. However, competition is intense, and client acquisition can be challenging for new entrants without established reputations. Additionally, economic uncertainties and shifting IT budgets can impact consultancy demand. ELLIOTT LECORNU LTD, given its size and recent formation, is likely navigating these dynamics by leveraging specialized skills and targeting specific client needs to build its market presence.

4. Competitive Positioning
   ELLIOTT LECORNU LTD’s strengths lie in its low overhead, flexibility, and potential for highly personalized consultancy services led by an experienced IT project manager who is also the sole director and majority shareholder. This lean structure is typical for niche players in IT consultancy. However, compared to larger firms or established mid-sized consultancies, the company currently lacks scale, diverse human resources, and broader service portfolios, which can limit competitiveness on larger contracts. The absence of audit requirements under the micro-entity provisions indicates a small operational footprint, which is common but also suggests early-stage growth with potential risks related to market penetration and client diversification.