JONO CONSULTING LIMITED

Executive Summary

JONO CONSULTING LIMITED exhibits modest recent improvements in liquidity and regulatory compliance, but remains financially fragile with minimal equity and working capital buffers. The significant increase in tax liabilities and reliance on a single director/owner warrant further scrutiny. Overall, the company presents a medium risk profile requiring careful monitoring of cash flow and creditor obligations.

JONO CONSULTING LIMITED - Analysis Report

Company Number: 12645179

Analysis Date: 2025-07-20 12:03 UTC

1. Risk Rating: MEDIUM
   JONO CONSULTING LIMITED demonstrates a marginally positive net current asset position in the most recent year, but prior years show negative working capital and very low net assets. The company’s small scale and minimal equity buffer present moderate solvency risk, albeit no immediate distress signals.

2. Key Concerns:

• Thin Working Capital: Net current assets improved slightly to £136 in 2024 from negative positions previously, indicating fragile liquidity. Cash decreased notably from £9,837 in 2023 to £4,826 in 2024, which could pressure short-term obligations.
• Low Net Assets and Equity: Net assets are only £168 at 2024 year-end, a marginal increase from £84 in 2023, reflecting minimal equity cushion to absorb losses or shocks.
• Rising Tax and Social Security Creditors: Tax and social security liabilities doubled from £2,927 to £5,704 in 2024, which may suggest delayed payments or cash flow strain requiring further scrutiny.

3. Positive Indicators:

• Improvement in Net Current Assets: The company reversed negative working capital seen in 2023 and 2022 to a small positive figure in 2024, which could signal better management of receivables and payables.
• Consistent Director and Ownership: A single director and 75-100% shareholder control by Paul James Johnson provides clear governance and accountability.
• Timely Filing Compliance: No overdue accounts or confirmation statements, indicating good regulatory compliance and governance discipline.

4. Due Diligence Notes:

• Validate the nature and collectability of the £2,900 debtor classified as falling due after more than one year, as this is unusual for current assets and may affect liquidity assessment.
• Investigate the cause of increased tax and social security creditor balances and confirm if these are historical accruals or indicative of payment delays or disputes.
• Review profit and loss trends beyond balance sheet snapshots to assess operational sustainability given the very low retained earnings and minimal tangible assets.
• Confirm ongoing business viability given net assets are close to minimal statutory capital (£120 share capital), and whether the company relies on director loans or external funding not disclosed here.