GLOBAL RISK AND COMPLIANCE LTD

Executive Summary

GLOBAL RISK AND COMPLIANCE LTD maintains a solvent position with positive net assets and sufficient cash to cover short-term liabilities. However, the steep rise in current liabilities, particularly accruals, alongside the absence of debtors in the latest year, suggests potential liquidity fluctuations warranting further investigation. The company is compliant with filing requirements but limited financial disclosures restrict a full assessment of operational stability.

GLOBAL RISK AND COMPLIANCE LTD - Analysis Report

Company Number: 13133736

Analysis Date: 2025-07-20 14:38 UTC

1. Risk Rating: MEDIUM
   The company shows a moderately stable balance sheet with positive net current assets and net assets, but there is a significant increase in current liabilities and a disappearance of debtors in the latest year, which raises liquidity concerns.

2. Key Concerns:

• Sharp increase in current liabilities from £16,250 (2023) to £76,358 (2024), largely due to accruals rising from £750 to £55,098, which may indicate delayed payments or build-up of short-term obligations.
• Absence of debtors in 2024 whereas £20,270 was recorded in 2023, suggesting a possible decrease in receivables or revenue collection issues.
• Limited financial history and absence of audited accounts reduce transparency; accounts are unaudited and prepared under small company exemptions with no profit and loss account filed publicly.

3. Positive Indicators:

• Consistent positive net current assets and net assets across all reported years, indicating solvency at the balance sheet date.
• Healthy cash position (£159,104 in 2024), which exceeds current liabilities, suggesting short-term liquidity is sufficient to cover immediate obligations.
• No overdue filings; accounts and confirmation statements are up to date, indicating good regulatory compliance.
• Ownership and management are stable with a single director who holds full control, simplifying governance oversight.

4. Due Diligence Notes:

• Investigate the nature and reason for the significant increase in accruals and other creditors to assess if these represent genuine liabilities or timing differences.
• Review underlying revenue trends and debtor turnover to understand the disappearance of debtors in the latest year and potential impact on cash flow sustainability.
• Request profit and loss statements or management accounts to evaluate operational profitability and cash flow beyond the balance sheet snapshot.
• Confirm absence of any contingent liabilities or off-balance sheet exposures not reflected in the current accounts.
• Verify director conduct records and any risk related to related party transactions given the single director ownership structure.