GLEBE HOUSE PROJECTS LTD

Executive Summary

Glebe House Projects Ltd presents a low financial risk profile supported by strong liquidity and net assets well in excess of current liabilities. Operationally, the company is small and highly dependent on its sole director, which should be considered in assessing business continuity. Compliance and statutory filings are up to date, indicating good governance practices.

GLEBE HOUSE PROJECTS LTD - Analysis Report

Company Number: 13044220

Analysis Date: 2025-07-29 13:35 UTC

1. Risk Rating: LOW
   The company demonstrates a strong financial position with significant net current assets and net assets relative to current liabilities. It maintains a large cash balance and shows no overdue filings or indications of financial distress.

2. Key Concerns:

• Reliance on Director Loan Account: The director loan balance fluctuates significantly (£80k to over £110k advanced and then repaid partially), which may indicate reliance on director's funds for working capital.
• Limited Operational Scale: The company has only one employee (the director), which could pose operational risks if key person dependency is high.
• Deferred Tax Liability: A small deferred tax provision is present, which should be monitored for any future tax obligations impacting liquidity.

3. Positive Indicators:

• Strong Liquidity: Cash at bank increased substantially to over £2.1 million in 2023, providing ample liquidity to meet short-term obligations.
• Healthy Working Capital: Net current assets of approximately £2.0 million indicate solid short-term financial health.
• Compliance: No overdue statutory filings or accounts; last accounts filed timely and no audit exemption issues.
• Ownership and Control: Single director and 75-100% shareholder provides clear governance and control without apparent conflicts.

4. Due Diligence Notes:

• Verify the nature and stability of cash balances, confirming they are not restricted or encumbered.
• Review the business model and revenue streams in detail, as turnover figures are not disclosed in the provided data.
• Understand the director loan transactions and any potential risks related to repayment or additional director funding.
• Confirm the company’s client base and contract backlog to assess operational sustainability given the small workforce.
• Check for any contingent liabilities or off-balance sheet risks not disclosed in the accounts.