HOUSE OF COMMS LTD

Executive Summary

House of Comms Ltd is a well-capitalised start-up management consultancy with a strong cash position and positive net assets. The company demonstrates good financial stewardship under sole director Katherine Rhodes, with no compliance issues or financial red flags. Credit approval is recommended with standard monitoring of financial performance and cash flow as the business grows.

HOUSE OF COMMS LTD - Analysis Report

Company Number: 15127471

Analysis Date: 2025-07-20 11:35 UTC

1. Credit Opinion: APPROVE

House of Comms Ltd is a newly incorporated private limited company engaged in management consultancy (SIC 70229). The company’s first set of filed accounts as of 30 September 2024 shows a positive net asset position and healthy working capital. The single director and 100% shareholder, Katherine Mary Rhodes, demonstrates clear ownership and control, which supports accountability. There are no overdue filings or indications of financial distress. Given the company’s start-up status, credit exposure should be moderate, but there is no immediate concern about repayment ability.

2. Financial Strength:

The balance sheet presents net assets of £28,923 and net current assets of £28,559 as at 30 September 2024. Fixed assets are minimal (£364) reflecting the nature of the consultancy business. Current assets comprise £37,709 cash and £5,220 debtors, which provides a strong liquidity buffer against current liabilities of £14,370. Shareholders’ funds are fully positive, with the entire equity consisting of retained earnings and nominal share capital (£50). Overall, the financial position is sound and shows prudent initial capitalisation.

3. Cash Flow Assessment:

Cash of £37,709 against current liabilities of £14,370 indicates good short-term liquidity with a current ratio of approximately 3:1. The company’s working capital is positive and sufficient to cover liabilities due within one year. Debtor levels are modest and manageable. Given that the company is a service provider with limited capital expenditure, cash flow risks are low at this stage. However, ongoing monitoring of cash generation from consultancy fees will be important as the business develops.

4. Monitoring Points:

• Revenue growth and profitability trends in subsequent accounting periods to assess business sustainability.
• Debtor ageing and collection efficiency to ensure working capital remains solid.
• Any changes in ownership, directorship, or financial structure that could affect control or risk profile.
• Timely submission of future accounts and confirmation statements to maintain compliance.
• Impact of market conditions on management consultancy demand and company’s ability to adapt.