MIND THE GAP RESEARCH AND TRAINING, SCOTLAND LIMITED

Executive Summary

Mind The Gap Research and Training, Scotland Limited is a newly formed micro-entity compliant with filing obligations and exhibiting positive net assets. However, negative net current assets and concentration of control present liquidity and governance considerations that warrant further review. Overall, the company currently poses a low solvency risk typical of early-stage small enterprises but requires ongoing monitoring.

MIND THE GAP RESEARCH AND TRAINING, SCOTLAND LIMITED - Analysis Report

Company Number: SC761574

Analysis Date: 2025-07-29 20:17 UTC

1. Risk Rating: LOW
   The company is newly incorporated (March 2023) and classified as a micro-entity with limited financial complexity. The latest accounts indicate positive net assets and no overdue filings, suggesting basic compliance and initial financial stability.

2. Key Concerns:

• Negative Net Current Assets: The balance sheet shows current liabilities (£1,533) exceed current assets (£1,038), resulting in a negative net current assets figure of -£495. This may indicate short-term liquidity pressure.
• Very Limited Financial History: As a company incorporated less than two years ago, there is limited historical financial data to assess operational sustainability or trend analysis.
• Single Person Control: Dr Philip Scott Jones holds 75-100% ownership and voting rights, with control over director appointments. This concentration of control may increase governance risk or limit oversight.

3. Positive Indicators:

• Compliance with Filing Requirements: Both accounts and confirmation statement are filed on time, indicating regulatory compliance and good governance practices at this stage.
• Positive Net Assets and Shareholders' Funds: Despite micro scale, net assets stand at £665, suggesting the company’s assets exceed liabilities overall.
• Small Employee Base: Employing only two staff reduces operational complexity and overhead, which may aid initial sustainability.

4. Due Diligence Notes:

• Investigate the nature and timing of current liabilities to assess liquidity risk and cash flow management.
• Review business model, revenue streams, and contracts to gauge operational sustainability beyond initial start-up phase.
• Clarify any related party transactions or financial support from the principal shareholder to understand financial backing.
• Confirm absence of any director disqualifications or regulatory issues, especially given sole control by one individual.