Company Number: 13141518

Analysis Date: 2025-07-20 17:08 UTC

1. Risk Rating: MEDIUM
   While KASPER MEP CONSULTANCY LTD shows a modest improvement in net current assets and net assets in the latest financial year (2024), its very small asset base and history of negative equity in the prior year introduce some concerns about financial resilience. The company is micro-entity sized, limiting available data, but current assets barely exceed current liabilities, indicating limited liquidity buffer.

2. Key Concerns:

• Thin Working Capital Position: Net current assets are positive but minimal (£33 at 2024 year-end), suggesting very limited liquidity to absorb short-term shocks.
• Volatility in Shareholders’ Funds: The company moved from significant negative equity in 2023 (-£4,714) to positive equity (£132) in 2024, implying possible recent financial distress or accounting adjustments.
• Small Scale and Limited Asset Base: Fixed assets are negligible (£99), and the company employs only 2 people, indicating limited operational scale and potential vulnerability to market fluctuations.

3. Positive Indicators:

• Current Compliance Status: All statutory filings, including accounts and confirmation statements, are up to date with no overdue filings or penalties noted.
• Return to Positive Equity: The turnaround from negative to positive shareholders’ funds in 2024 shows some recovery in financial position.
• Stable Management and Governance: The company has maintained consistent directors and secretary since incorporation, with no red flags such as disqualifications or changes reported.

4. Due Diligence Notes:

• Investigate the causes of prior year negative equity and the mechanism of recovery in 2024 to understand financial stability and any one-off events.
• Review cash flow statements and debtor collections (not available here) to assess liquidity risk more precisely.
• Confirm the nature and stability of revenue streams given the company’s small size and niche consulting SIC codes (71122, 71121).
• Evaluate the robustness of contracts and client base to assess ongoing operational sustainability.