GO CLEAN MILTON KEYNES LTD

Executive Summary

GO CLEAN MILTON KEYNES LTD shows signs of financial stress with a marked decline in liquidity and net assets over the last year. While regulatory compliance and governance transparency are positive, the company’s current financial position raises concerns about its ability to meet short-term obligations and sustain operations without corrective measures. Further due diligence is recommended to clarify the underlying causes and outlook.

GO CLEAN MILTON KEYNES LTD - Analysis Report

Company Number: 13841535

Analysis Date: 2025-07-20 15:40 UTC

1. Risk Rating: HIGH
   The company exhibits a declining net asset position and a significant deterioration in net current assets within one year, indicating potential solvency and liquidity risks for an investor.

2. Key Concerns:

• Liquidity deterioration: Current assets dropped sharply from £6,822 in 2023 to £1,265 in 2024, while current liabilities increased slightly, resulting in a negative net current asset position of -£4,832 in 2024 compared to positive £1,558 in 2023. This signals cash flow stress and potential difficulty meeting short-term obligations.
• Declining net assets: Net assets fell from £4,748 in 2023 to £718 in 2024, a substantial reduction that could indicate operational losses or increased liabilities.
• Limited scale and resources: As a micro-entity with only one employee and minimal fixed assets, the business may have constrained capacity to absorb shocks or invest for growth, raising concerns about sustainability.

3. Positive Indicators:

• Compliance: The company is up to date with statutory filings and accounts submission, indicating sound regulatory compliance and governance practices.
• Established control structure: Ownership and control are clearly documented with two PSCs holding significant shares and voting rights, providing transparency on governance.
• Accounting transparency: The company prepares accounts in accordance with micro-entity provisions and discloses financial details, enabling some level of financial scrutiny.

4. Due Diligence Notes:

• Investigate the cause of the rapid decline in current assets and whether this is due to receivables write-offs, cash depletion, or asset disposals.
• Review the company’s cash flow statements and profit and loss accounts (not provided here) to assess operational profitability and cash generation trends.
• Confirm if any contingent liabilities or off-balance sheet obligations exist that might further impact solvency.
• Assess customer concentration, contract stability, and revenue streams given the small scale of operations.
• Evaluate the director’s strategy and plans to restore financial health and ensure ongoing viability.