Company Number: 13513299

Analysis Date: 2025-07-20 18:37 UTC

1. Risk Rating: MEDIUM

The company is a micro-entity with modest asset levels and limited financial disclosures. While it currently shows positive net assets, there is a notable decline in current assets and shareholders’ funds in the latest year, which warrants close monitoring. The absence of audited financials and limited detail on profitability and cash flows introduces some uncertainty.

2. Key Concerns:

• Declining Financial Position: Shareholders’ funds have decreased significantly from £19,738 in 2023 to £6,392 in 2024, accompanied by a sharp drop in current assets from £24,638 to £10,344, indicating potential profitability or cash flow pressures.
• Limited Financial Transparency: As a micro-entity filing under FRS 105, the company has not provided a profit and loss account or detailed notes, restricting the ability to fully assess operational performance and risks.
• Single Director Control and Ownership Concentration: Mr. Paul Dermott holds 75-100% ownership and is the sole current director, which concentrates decision-making and control, potentially increasing governance risk.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with its accounts and confirmation statement filings, reflecting good regulatory compliance so far.
• Positive Net Current Assets: Despite the decline, net current assets remain positive (£5,238 in 2024), suggesting the company can currently meet short-term liabilities.
• No Overdue Filings or Liquidation Status: The company is active, not in liquidation or administration, and all statutory filings are current, indicating operational continuity.

4. Due Diligence Notes:

• Review detailed profit and loss information and cash flow statements if available to understand the drivers of the reduction in net assets and current assets.
• Investigate any related party transactions or loans, given the ownership and director concentration.
• Assess client base and revenue stability in management consultancy services to evaluate operational sustainability.
• Confirm no director disqualifications or legal proceedings affecting company governance.
• Monitor future filings for any further deterioration or signs of financial distress.