Company Number: 13630064

Analysis Date: 2025-07-29 16:30 UTC

1. Credit Opinion: DECLINE. FORCOMM CONSULTANCY LIMITED shows persistent negative net assets and net liabilities position as of 30 September 2024. The company’s net liabilities increased from £1,291 in 2023 to £1,529 in 2024. Current liabilities exceed current assets substantially when including long-term creditors, indicating poor solvency. The lack of employees and minimal current assets suggest limited operational scale and cash generation ability. The company appears reliant on long-term borrowings or creditor finance which raises concerns over its ability to service new debt or maintain trade credit.

2. Financial Strength: The balance sheet reveals fixed assets of £93,832 and current assets of £16,663 against current liabilities of £695 and long-term creditors of £111,329 at 2024 year-end. Despite positive net current assets reported (£15,968), total liabilities (including amounts falling due after more than one year) exceed total assets by £1,529, placing the company in a net liability position. This indicates the company is technically insolvent on a balance sheet basis, undermining capital adequacy and financial stability. The micro-entity classification suggests limited scale but the capital structure is weak.

3. Cash Flow Assessment: Current assets primarily consist of cash or equivalents at £16,663, with no employees indicating minimal payroll outgoings. However, the company carries a significant long-term creditor balance (£111,329) which likely requires servicing. The small current liabilities suggest limited short-term obligations, but the high long-term creditors relative to equity and assets raise liquidity concerns. Without positive retained earnings or shareholder funds, the business may struggle to generate sufficient cash flow to meet debt repayments or unexpected expenses. No evidence of operational cash inflows is provided.

4. Monitoring Points:

• Track changes in net liabilities and total creditors to assess if the company can reduce its long-term debt burden.
• Monitor cash balances and operating cash flow generation to verify liquidity adequacy.
• Watch for any changes in company status or credit rating.
• Review subsequent filings for any improvements in equity or profitability.
• Keep an eye on director changes or any adverse disclosures affecting governance or creditworthiness.