JTELEC-UK LTD

Executive Summary

JTELEC-UK Ltd is a small, active electrical installation company with compliant filings and positive net assets. However, the significant reduction in net assets and liquidity in the latest year, coupled with sole director control, presents medium risk from a financial stability and governance perspective. Further analysis of detailed financials and operational outlook is advised to fully assess sustainability.

JTELEC-UK LTD - Analysis Report

Company Number: 13635684

Analysis Date: 2025-07-29 16:52 UTC

1. Risk Rating: MEDIUM
   JTELEC-UK Ltd displays a modest asset base and positive net assets, but the significant decline in net current assets and net assets in the most recent financial year raises some caution. The company remains solvent but shows signs of weakening financial position that warrants close monitoring.

2. Key Concerns:

• Declining Net Assets: Net assets decreased from £27,729 in 2023 to £11,331 in 2024, representing a substantial reduction in equity.
• Reduced Liquidity: Net current assets dropped markedly from £24,302 in 2023 to £6,552 in 2024, signaling potential cash flow tightening.
• Concentration of Control: The sole director and 100% owner is Mr. James Damion Thorpe, which may pose governance and continuity risks due to lack of broader management oversight.

3. Positive Indicators:

• Current Filing Compliance: Both accounts and confirmation statement filings are up to date with no overdue issues, reflecting good regulatory compliance.
• Positive Net Worth: Despite declines, the company remains net asset positive and thus solvent on balance sheet basis.
• Stable Employment: The company maintains a consistent workforce size (3 employees), indicating operational continuity.
• Business Activity: Active website presence and clearly defined electrical installation service offering support ongoing operational status.

4. Due Diligence Notes:

• Review the detailed profit and loss account and cash flow statements (not provided) to assess causes of asset and liquidity decline.
• Investigate any unusual or non-recurring expenses impacting 2024 results.
• Assess the company’s order book, contract pipeline, and receivables collection to appraise ongoing business sustainability.
• Confirm absence of director disqualifications or adverse legal actions against Mr. Thorpe.
• Examine the nature and terms of long-term creditors (noted as £20,990 in 2024) to understand debt obligations and repayment schedule.