S2S UTILITIES AND FINANCE LTD

Executive Summary

S2S Utilities and Finance Ltd currently presents a high-risk profile due to negative net assets and lack of operational capacity, raising concerns about solvency and sustainability. While compliance with filing requirements and single-person ownership provide some governance clarity, significant financial distress and operational opacity necessitate thorough due diligence before any investment consideration.

S2S UTILITIES AND FINANCE LTD - Analysis Report

Company Number: 13552759

Analysis Date: 2025-07-29 19:36 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, reflected by negative net current assets and shareholders’ funds. The business shows no employees and minimal current assets, indicating operational instability and cash flow challenges.

2. Key Concerns:

• Negative net current assets of £-415 and shareholders’ funds of £-414 as of 31 August 2023 indicate the company is currently insolvent.
• No recorded employees and minimal current assets (£23) suggest limited operational activity and potential sustainability issues.
• The company changed its name within a short period (from S2S Utilities Limited to S2S Utilities and Finance Ltd), which could reflect restructuring but warrants further investigation for underlying reasons.

3. Positive Indicators:

• The company is current with statutory filings (accounts and confirmation statement), which implies compliance with Companies House requirements.
• Ownership is consolidated under a single director and PSC, Christopher Baxter, ensuring clear control and accountability.
• The company operates in a diversified business support services sector (SIC 82990), which can offer multiple revenue streams.

4. Due Diligence Notes:

• Investigate the reasons behind the negative net assets and whether there is an intention or plan to restore financial health.
• Clarify the company’s operational model given the absence of employees and minimal current assets; assess revenue streams and client contracts.
• Review any director loans, related party transactions, or contingent liabilities that may not be fully disclosed in the micro-entity accounts.
• Understand the rationale behind the recent name change and any associated business restructuring or strategy shifts.
• Assess the company’s cash flow management and credit facilities to ascertain liquidity sufficiency.