FUTURE ENERGY PUBLISHING LIMITED
Company number 06866765 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Credit Assessment: FUTURE ENERGY PUBLISHING LIMITED
1. Credit Opinion: DECLINE
Reasoning: This company presents unacceptable credit risk based on multiple deteriorating fundamentals. Net assets have collapsed from £9,478 to £191 in a single year—a 98% erosion. The company returned to operating losses (£9,287 loss in FY2025) after a brief profitable period, revenue is on a sustained downward trajectory (25% decline over three years), and the balance sheet provides virtually no equity cushion against adverse events. The company's historical pattern of negative net assets (2016-2021) suggests structural rather than cyclical issues.
2. Financial Strength
Balance Sheet Position: Critically Weak
| Metric | FY2025 | FY2024 | Movement |
|---|---|---|---|
| Net Assets | £191 | £9,478 | -98% |
| Total Assets | £9,969 | £28,686 | -65% |
| Total Liabilities | £9,778 | £19,208 | -49% |
- Near-insolvent position: Net assets of £191 represent a razor-thin 0.2% of total assets. Any unexpected liability or asset write-down would push the company into negative equity.
- Historical insolvency: The company operated with significant negative net assets from 2016-2021 (reaching £-86,791 in FY2017), indicating this entity has a track record of trading while technically insolvent.
- Share capital: Only £1,373—minimal commitment from shareholders.
- Asset quality concerns: Total assets halved year-on-year without clear explanation in micro-entity accounts.
3. Cash Flow Assessment
Operating Performance: Deteriorating
| Metric | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Turnover | £84,855 | £96,304 | £103,288 | £113,509 |
| Operating P&L | (£9,287) | £2,634 | N/A | N/A |
- Revenue decline: Four consecutive years of falling turnover—cumulative 25% decline from £113,509 to £84,855.
- Cost structure unsustainable: Cost of materials (£94,142) exceeded turnover (£84,855) by £9,287, representing a 111% cost-to-revenue ratio.
- Working capital: Current liabilities (£9,778) virtually equal total assets (£9,969), yielding a current ratio of approximately 1.02:1—no margin for working capital stress.
- Cash generation capacity: With operating losses, the company is consuming rather than generating cash, relying on creditor forbearance or external support to continue trading.
4. Monitoring Points
If credit were to be considered under exceptional circumstances, the following require ongoing surveillance:
| Metric | Target | Current | Status |
|---|---|---|---|
| Net assets | >£10,000 | £191 | ⚠️ Critical |
| Operating margin | Breakeven minimum | -10.9% | ⚠️ Critical |
| Revenue trend | Stable/growing | -12% YoY | ⚠️ Critical |
| Current ratio | >1.5:1 | 1.02:1 | ⚠️ Critical |
Key watch items: - Creditor payment behaviour: Monitor whether trade creditors are being stretched—likely given the tight liquidity position. - Related party transactions: Windward Exploration and Properties Ltd appears as both a corporate director and PSC. Investigate whether intercompany balances exist that could distort the balance sheet. - Sector headwinds: The company's previous names (Oil & Gas Insights Limited, Oilvoice Forums Limited) and current name suggest a pivot from fossil fuels to broader energy. Verify whether this strategic shift is driving the revenue decline. - Filing compliance: Accounts are currently up to date, but micro-entity filings provide minimal transparency—request full management accounts if any facility is considered. - Shareholder support: With three separate PSCs each holding 25-50%, confirm whether shareholders are willing to provide formal guarantees or capital injections.
Additional Risk Factors: - Fragmented ownership structure (three PSCs at 25-50% each) may impede rapid decision-making during financial stress. - Corporate director (Windward Exploration and Properties Ltd) introduces additional counterparty risk and potential conflicts of interest. - Micro-entity accounts provide no cash flow statement, no director's report, and limited notes—materially reduced transparency compared to small/medium entity filings.