Company Number: 12459510

Analysis Date: 2025-07-20 18:54 UTC

1. Risk Rating: MEDIUM
   Justification: Episodic Consulting Limited is active, filing on time with no overdue accounts or returns, which is positive. However, the company shows very low net current assets (£400) and minimal cash reserves (£3,820) against current liabilities (£6,380) in the latest year. The marginal working capital position and low equity base indicate limited financial buffer to absorb shocks or meet obligations comfortably.

2. Key Concerns:

• Tight Liquidity Position: Cash and current assets only marginally exceed current liabilities, which could strain short-term cash flow if unexpected expenses arise or debtors are delayed.
• Minimal Equity and Capital Base: Shareholders’ funds increased to £400 but remain very low, suggesting limited capital support and potential difficulty obtaining external financing.
• Concentration of Control: Single individual (Mr. Roy Bernard Trickett) holds 75-100% shares and voting rights, which could pose governance and continuity risks if his involvement changes.

3. Positive Indicators:

• Compliance and Filing: Accounts and confirmation statements are up to date with no overdue filings, indicating good regulatory compliance.
• Stable Operational Footprint: The company has maintained active status since 2020 with ongoing operations in a niche SIC classification (other amusement and recreation activities).
• Small Employee Base: Only one employee, limiting payroll overheads and fixed costs, which may aid in controlling expenses.

4. Due Diligence Notes:

• Verify the nature and collectability of debtors (£2,960) to assess cash flow reliability.
• Investigate short-term creditor terms, especially trade creditors (£5,950), to understand payment schedules and potential liquidity pressures.
• Review turnover and profitability trends (not provided here) to gauge operational sustainability.
• Ascertain whether the company has any contingent liabilities or off-balance-sheet obligations.
• Assess the impact of sole control by Mr. Trickett on strategic decisions and succession planning.