MARTIN BAKER AUDITING SERVICES LTD
Executive Summary
Martin Baker Auditing Services Ltd is a compliant and financially stable micro-entity with growing net assets and positive working capital, reflecting low immediate solvency and liquidity risks. However, limited disclosure typical of micro companies and a small operational team warrant further due diligence on financial performance and operational resilience. Overall, the company presents a low-risk profile based on available data.
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This analysis is opinion only and should not be interpreted as financial advice.
MARTIN BAKER AUDITING SERVICES LTD - Analysis Report
Risk Rating: LOW
Martin Baker Auditing Services Ltd demonstrates a solid financial position for a micro-entity with positive net assets and no overdue filings. The company shows steady growth in net assets and maintains compliance with filing deadlines, indicating a stable operational footing.Key Concerns:
- Modest scale and micro-entity status limits the detail and scope of financial disclosure, which constrains thorough risk assessment.
- Current liabilities increased notably in 2024 compared to 2023, which warrants monitoring to ensure obligations remain manageable.
- Limited employee base (2 employees including directors) may pose operational continuity risks if key personnel are unavailable.
- Positive Indicators:
- The company has maintained timely filing of accounts and confirmation statements, reflecting good regulatory compliance.
- Net assets more than doubled from £34,477 in 2023 to £64,445 in 2024, suggesting improved financial strength and capital base.
- Positive net current assets of £24,034 as of 2024 indicate adequate short-term liquidity to meet immediate liabilities.
- Directors are both significant shareholders and actively involved in management, which may support aligned interests and oversight.
- Due Diligence Notes:
- Review the nature and composition of current liabilities to identify any short-term financial pressures or contingent liabilities.
- Investigate revenue trends, profitability, and cash flow from operations which are not disclosed in micro-entity accounts but critical for assessing sustainability.
- Confirm whether the directors have any history of regulatory or financial issues, though none are indicated in available data.
- Understand client concentration and market positioning within the auditing sector to assess operational risks.
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