JS & CO ACCOUNTANCY LTD

Executive Summary

JS & CO ACCOUNTANCY LTD demonstrates improving financial strength and liquidity with growing net assets and positive working capital. However, operational sustainability is unclear due to zero employees and modest share capital, alongside some longer-term liabilities that require monitoring. Governance concentration and director turnover warrant further scrutiny to ensure stability and risk mitigation.

JS & CO ACCOUNTANCY LTD - Analysis Report

Company Number: NI677602

Analysis Date: 2025-07-29 15:41 UTC

1. Risk Rating: MEDIUM
   The company shows a significant improvement in net assets and working capital in the latest financial year, indicating strengthening financial position. However, the presence of long-term liabilities, no employees reported, and limited share capital suggest moderate operational and liquidity risks that warrant attention.

2. Key Concerns:

• Long-Term Liabilities: The company has £3,600 in finance lease/hire purchase obligations due after one year, which may affect future cash flows and solvency if business revenues do not suffice.
• Absence of Employees: The accounts report zero employees, which raises questions about operational capacity and sustainability of service delivery in a consultancy/accountancy business.
• Concentration of Control: One individual holds 75-100% of shares and voting rights, resulting in potential governance risks and dependence on this single controller.

3. Positive Indicators:

• Improved Liquidity: Net current assets improved substantially from negative £1,106 in 2023 to positive £12,219 in 2024, supported by increased trade debtors and cash balances.
• Growing Net Assets: Net assets increased from £1,252 in 2023 to £10,377 in 2024, indicating accumulation of retained earnings and financial strengthening.
• Timely Compliance: No overdue filings for accounts or confirmation statements, demonstrating regulatory compliance and good governance practices.

4. Due Diligence Notes:

• Investigate the nature and terms of the £3,600 finance lease/hire purchase commitments to assess cash flow impact and repayment risks.
• Clarify operational model given zero reported employees—whether services are subcontracted or the director(s) perform all work.
• Review director appointment and resignation history for stability and continuity; note that a director was appointed and resigned within 3 months in 2025, which may merit inquiry.
• Confirm whether trade debtors of £12,096 are recoverable and not aged or impaired, as this significantly affects liquidity.
• Assess related party transactions and governance controls given the high level of ownership concentration.