GET MORE CLIENTS COACHING LTD
Executive Summary
Get More Clients Coaching Ltd is a newly incorporated private limited company with minimal financial activity and resources, reflecting a high risk from a financial and operational perspective. While statutory filings are current and governance transparency is adequate, the lack of revenue and capitalization raises significant concerns about the company’s sustainability and ability to meet obligations. Further due diligence is recommended to understand the business model and funding arrangements.
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This analysis is opinion only and should not be interpreted as financial advice.
GET MORE CLIENTS COACHING LTD - Analysis Report
Risk Rating: HIGH
Justification: The company has minimal financial activity with only £100 in debtors and shareholders' funds, no reported liabilities beyond that, and no employees. Being a very new entity (incorporated in late 2022) with negligible assets and no revenue or profit figures disclosed signals a high risk from a financial stability and operational sustainability perspective.Key Concerns:
- Lack of Revenue and Operational Activity: Financial statements show only £100 in debtors and no indication of income or expenses, suggesting the company is not actively trading or generating revenue.
- Minimal Financial Substance: Shareholders' funds and net assets of only £100 indicate extremely limited capitalization and resources to meet obligations or invest in business growth.
- No Employees or Audited Accounts: The company has no employees and has claimed exemption from audit, which limits transparency and confidence in governance and internal controls.
Positive Indicators:
- Up-to-Date Filing and Compliance: Both annual accounts and confirmation statements are filed on time with no overdue filings, indicating compliance with statutory obligations.
- Clear Director and PSC Information: The sole director and person with significant control is identified, with no adverse conduct records noted. This clarity supports transparency in governance.
- No Indications of Insolvency or Liquidation: The company is active and not under liquidation or administration, which suggests it is at least maintaining statutory standing.
Due Diligence Notes:
- Investigate Business Model and Revenue Plans: Clarify what business operations have been conducted since incorporation and the strategy for generating clients and income.
- Review Cash Flow and Funding Sources: Confirm availability of working capital and potential financial support from the sole shareholder or external sources.
- Assess Director's Background and Other Business Interests: Understand the director’s track record and whether the company is a vehicle for other activities or investments.
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