IRWIN CONSULTING LIMITED
Executive Summary
IRWIN CONSULTING LIMITED is a recently formed micro-entity operating in management consultancy, showing positive net assets and current asset coverage against liabilities. The company maintains good compliance and clear ownership but lacks operational history and employee presence, warranting further review of its ongoing financial performance and business stability. Overall, the risk profile is low at this early stage, contingent on continued operational and financial validation.
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This analysis is opinion only and should not be interpreted as financial advice.
IRWIN CONSULTING LIMITED - Analysis Report
Risk Rating: LOW
The company is newly incorporated with accounts showing positive net assets and net current assets, indicating initial solvency. There are no overdue filings or compliance issues. However, given the limited operating history and minimal asset base, the rating reflects the current snapshot rather than long-term assurance.Key Concerns:
- Limited Operating History: Incorporated in February 2024, IRWIN CONSULTING LIMITED has less than two years of operational data, which limits the ability to assess ongoing profitability and cash flow sustainability.
- Minimal Fixed Assets and Working Capital: The company holds only £1,005 in fixed assets and a marginal net current asset position (£1,747), suggesting limited buffer for unexpected expenses or downturns.
- No Employees Reported: The absence of employees may indicate reliance on directors or contractors; this could affect operational scalability and risk if key individuals are unavailable.
- Positive Indicators:
- Positive Net Assets and Working Capital: Despite being a micro-entity, the company shows positive net assets (£2,752) and net current assets, implying it can meet short-term liabilities.
- Compliance and Timely Filings: All statutory filings including accounts and confirmation statements are up to date, demonstrating good regulatory compliance and governance.
- Clear Ownership and Control: The significant control is well-defined between two individuals, both with rights to appoint/remove directors, which can facilitate streamlined decision-making.
- Due Diligence Notes:
- Financial Performance Review: Obtain interim management accounts or cash flow reports to evaluate ongoing operational viability and revenue generation beyond the balance sheet snapshot.
- Client and Contract Stability: Investigate the client base, contract length, and revenue sources to assess business sustainability, especially given the consultancy nature of the business.
- Director Background Checks: Confirm no adverse records or disqualifications for the directors, despite no issues shown here, to ensure governance standards.
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