HOPE BEREAVEMENT SUPPORT CIC

Executive Summary

Hope Bereavement Support CIC presents a modest financial profile with positive operating profit and liquidity as of 2021 but lacks recent financial data and has overdue statutory filings, raising compliance concerns. The company’s balance sheet is small and cash-based, with limited asset backing and uncertain growth prospects. Credit approval is not recommended until updated accounts and compliance are demonstrated to confirm repayment capability and financial stability.

HOPE BEREAVEMENT SUPPORT CIC - Analysis Report

Company Number: 12718396

Analysis Date: 2025-07-29 20:07 UTC

1. Credit Opinion: DECLINE
   Hope Bereavement Support CIC, a private company limited by guarantee and a community interest company, shows limited financial history with only one set of filed accounts ending July 2021. The company is active but has overdue filings for its confirmation statement, which raises concerns about compliance and governance. The financials reveal modest cash holdings (£53,916) and low liabilities (£2,456), but no recent financial data beyond 2021 is available to assess current trading performance or debt servicing capability. The absence of debt and limited assets restricts collateral value. Furthermore, the company operates in a niche social service sector with uncertain revenue growth or diversification, increasing risk. Given the lack of updated financials and overdue statutory documents, the credit risk is elevated.

2. Financial Strength:
   The financial position as of 31 July 2021 shows net assets of £51,460, entirely held as cash or equivalents, indicating no fixed or tangible assets. The low liabilities and positive net current assets suggest a sound but very modest balance sheet. However, the company’s total exemption full accounts and small size limit transparency. Absence of recent financial statements prevents evaluation of profitability trends or capital structure changes. The company’s equity is comprised solely of retained earnings with no share capital, typical of a guarantee structure. The balance sheet reflects a start-up phase entity with limited financial depth.

3. Cash Flow Assessment:
   Cash at bank was £53,916 at the last reporting date with negligible current liabilities, indicating sufficient liquidity at that time. The operating profit of £51,460 in the first 13 months is encouraging, suggesting positive cash generation initially. However, no subsequent cash flow data or bank statements are available. The overdue confirmation statement filing suggests possible administrative or operational challenges that might impact cash flow management. Working capital appears adequate historically but cannot be confirmed as stable without current data.

4. Monitoring Points:

• Timely filing of overdue confirmation statement and next set of annual accounts to assess recent financial performance and compliance.
• Any changes in director appointments or governance that could affect operational control or financial management.
• Revenue and profit trends post-2021 to evaluate sustainability and growth trajectory.
• Liquidity status and any new financing or external funding arrangements.
• Sector risk factors including demand for bereavement support services and funding environment for social enterprises.