ROGUE WAVE PRODUCTIONS LIMITED

Executive Summary

Rogue Wave Productions Limited has experienced significant financial deterioration in its latest reporting period, with negative net current assets and a steep decline in shareholders’ funds indicating elevated solvency and liquidity risks. While statutory filings are current and the director affirms going concern status, the company’s operational sustainability appears compromised without further financial support or turnaround measures. Further investigation into the underlying causes of financial decline and cash flow projections is recommended.

ROGUE WAVE PRODUCTIONS LIMITED - Analysis Report

Company Number: 13133659

Analysis Date: 2025-07-20 16:56 UTC

1. Risk Rating: HIGH
   The company exhibits a sharp deterioration in liquidity and net asset position in the most recent financial year, raising concerns about its ability to meet short-term obligations and maintain solvency.

2. Key Concerns:

• Negative Net Current Assets in 2025: The net current assets position shifted from a positive £5,968 in 2024 to a negative £2,993 in 2025, indicating potential cash flow strain and inability to cover current liabilities with current assets.
• Significant Reduction in Shareholders’ Funds: Shareholders’ funds plummeted from £9,629 in 2024 to only £757 in 2025, suggesting losses or distributions that have eroded the equity base.
• Rising Current Liabilities: Current liabilities increased from £8,663 in 2024 to £10,026 in 2025, coupled with a drop in cash from £9,026 to £2,752, further stressing short-term financial stability.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statements are up to date, indicating compliance with statutory requirements.
• Going Concern Assumption: Management affirms the company is a going concern, implying expectations of operational continuity despite recent financial challenges.
• Ownership and Control: The sole director and 75-100% shareholder, Rupert David William Cocks, is actively engaged and holds decision-making control, which may facilitate prompt strategic responses.

4. Due Diligence Notes:

• Investigate the causes behind the sharp drop in net current assets and shareholders’ funds between 2024 and 2025; specifically, review profit and loss details not filed publicly.
• Assess the company’s cash flow forecasts and working capital management to evaluate liquidity risk going forward.
• Confirm any contingent liabilities or off-balance sheet commitments that may impact solvency.
• Review director’s plans or capital injection commitments to address the weakened financial position.
• Consider the impact of any tax liabilities, given corporation tax creditor increased to £5,293 in 2025.