Company Number: 12676320

Analysis Date: 2025-07-29 14:34 UTC

1. Risk Rating: LOW
   Maritime Training Limited demonstrates stable net assets with positive net current assets and no overdue filings. The company operates within micro-entity thresholds, indicating a small scale but consistent financial position. There are no indications of insolvency or liquidity distress.

2. Key Concerns:

• Declining Fixed Assets: Fixed assets decreased from £3,527 in 2021 to £873 in 2024, suggesting possible asset disposals or underinvestment that could impact operational capability.
• Minimal Share Capital: With share capital at only £64, the company has limited equity buffer against losses or unforeseen liabilities.
• Limited Workforce: Average employees remain at 1, which may constrain operational scalability and resilience.

3. Positive Indicators:

• Strong Working Capital: Net current assets increased to £3,238 in 2024 from £2,004 in 2023, indicating solid short-term liquidity to meet obligations.
• Consistent Net Assets Growth: Net assets rose slightly from £3,314 (2023) to £3,565 (2024), reflecting retained profits or positive financial management.
• Up-to-date Compliance: No overdue accounts or confirmation statements, demonstrating good regulatory compliance.

4. Due Diligence Notes:

• Verify reasons behind the decline in fixed assets and assess impact on business operations and future asset needs.
• Review cash flow statements and profit & loss accounts (not provided) to confirm operational profitability and cash generation capacity.
• Investigate the business model scalability and dependence on key personnel given the very small workforce.
• Confirm absence of any contingent liabilities or off-balance sheet risks.
• Assess directors’ backgrounds and any related party transactions given that three directors reside at the company address.