Company Number: 13598704

Analysis Date: 2025-07-20 13:28 UTC

1. Risk Rating: MEDIUM
   FINE OUTSOURCING LTD demonstrates a modest net asset base with minimal fixed assets and very limited working capital. While it remains solvent on a balance sheet basis, the decline in net current assets by 2024 and a very narrow liquidity buffer suggest potential short-term cash flow pressures.

2. Key Concerns:

• Liquidity Margin is Thin: Net current assets decreased sharply from £2,470 (2023) to £17 (2024), indicating reduced short-term liquidity and potential challenges in meeting immediate obligations.
• Recent Director and Shareholder Changes: There was a notable change in directors in mid-2024 with two directors resigning and one new director appointed, which may signal internal governance or operational shifts.
• Small Scale and Micro Entity Status: Operating as a micro-entity with low asset and turnover scale limits financial flexibility and resilience to adverse market conditions.

3. Positive Indicators:

• Current Filing and Compliance: No overdue accounts or confirmation statements; filings are up to date indicating good compliance with statutory requirements.
• Ownership Concentration and Control: Significant control by Mr Issac Feiner (75-100%) with direct involvement as director may support clear decision-making and strategic alignment.
• Consistent Employee Base: The company maintains a small but stable workforce (average 2 employees), consistent with its micro-entity classification and business scope.

4. Due Diligence Notes:

• Investigate the reasons behind the director resignations and appointment in 2024 to assess any impact on operational stability and governance.
• Review cash flow statements and bank statements (if available) to confirm liquidity position beyond balance sheet figures, given the sharp drop in net current assets.
• Assess the company's business model sustainability and revenue trends, especially considering the SIC codes (educational support services and bookkeeping), to understand future cash generation prospects.