LEPCIS MANAGEMENT LIMITED

Executive Summary

Lepcis Management Limited is a small, privately controlled management consultancy exhibiting strong liquidity and improving net assets, with no regulatory compliance issues. While operational scale is limited and control is concentrated in a single director, the company’s current financial position suggests low solvency and liquidity risk. Further due diligence on debtor quality and dividend sustainability is recommended to fully assess ongoing operational stability.

LEPCIS MANAGEMENT LIMITED - Analysis Report

Company Number: 13528262

Analysis Date: 2025-07-20 18:47 UTC

1. Risk Rating: LOW
   Lepcis Management Limited demonstrates a solid net asset position and positive working capital, with no overdue filings or indications of financial distress. The company benefits from a single controlling director with consistent governance and timely compliance.

2. Key Concerns:

• Concentration Risk: The company is wholly controlled by one individual, Mr. Ayman Shaibani, which may pose succession or governance risks.
• Limited Scale: As a micro entity with only one employee and modest financials, operational scalability and resilience may be constrained.
• Dividend Payments: The company paid dividends (£500 in 2024, down from £2,000 in 2023), which may warrant review of cash flow sufficiency if dividend policy is aggressive.

3. Positive Indicators:

• Strong Liquidity: Cash balances remain healthy (£42,409 at 2024 year-end) and exceed current liabilities, supporting short-term solvency.
• Increasing Net Assets: Shareholders’ funds improved from £37,875 in 2023 to £59,209 in 2024, indicating retained earnings growth and capital strengthening.
• Timely Compliance: No overdue accounts or confirmation statements, indicating good regulatory adherence.
• Conservative Accounting: The company has opted for small company reporting exemptions, consistent with its size and status, with no audit required.

4. Due Diligence Notes:

• Verify the nature and collectability of "Other debtors" (£24,000 in 2024) which forms a significant portion of current assets and increased notably from prior years.
• Review the company’s dividend policy and cash flow forecasts to ensure dividend payments are sustainable and not impairing liquidity.
• Assess any related party transactions given the single director/shareholder structure, to confirm arm’s length dealings.
• Consider the strategic outlook and client base for the management consultancy business (SIC 70229) to evaluate operational sustainability and growth potential.