FAST TRACK GLOBAL CONSULTANTS LTD

Executive Summary

FAST TRACK GLOBAL CONSULTANTS LTD is currently financially weak with negative net assets and inadequate liquidity to cover short-term liabilities. The company’s inability to generate positive working capital and minimal cash reserves suggest a high risk in extending credit at present. Close monitoring of future financial performance and any capital restructuring is essential before reconsidering credit exposure.

FAST TRACK GLOBAL CONSULTANTS LTD - Analysis Report

Company Number: 13660789

Analysis Date: 2025-07-20 17:50 UTC

1. Credit Opinion: DECLINE
   FAST TRACK GLOBAL CONSULTANTS LTD demonstrates a weak financial position with negative net current assets and net liabilities as at 31 October 2023. Despite being an active private limited company, the company’s balance sheet shows an erosion of shareholder funds from -£9,517 in 2022 to -£3,561 in 2023, indicating ongoing losses or insufficient capital injection. The absence of employees and limited cash resources (£3,068) relative to current liabilities (£6,629) raises concerns about its ability to meet short-term obligations reliably. Given these factors and no evidence of profitability or cash flow improvement, extending credit would carry a high risk of default.

2. Financial Strength:
   The company’s financial strength is weak. It has consistently reported negative net assets over the last two years, reflecting accumulated losses or insufficient equity capital. The current liabilities exceed current assets, resulting in a negative working capital position (-£3,561). The minimal cash balance provides limited liquidity cushion. No fixed assets or tangible capital are reported, which indicates limited collateral or asset backing. Overall, the balance sheet position suggests financial fragility and limited resilience to adverse market conditions.

3. Cash Flow Assessment:
   Cash at bank has improved modestly from £487 to £3,068 year-on-year, but remains insufficient to fully cover current liabilities of £6,629. The negative net current assets position signals potential liquidity stress, as the company may struggle to pay creditors on time without additional funding or improved cash inflows. The absence of employees and presumably limited operations could constrain cash generation. There is no disclosure of turnover or profitability, pointing to limited operating cash flow. Working capital management appears inadequate for sustaining ongoing commitments.

4. Monitoring Points:

• Monitor the company’s next set of filed accounts for signs of profitability or improved liquidity.
• Watch for any capital injections or shareholder loans to strengthen the balance sheet.
• Review cash flow statements or management commentary if available to assess operational cash generation.
• Track the director’s conduct and any changes in control or governance that could impact credit risk.
• Watch for overdue filings or any signs of financial distress such as late payments or creditor actions.