Company Number: 14025559

Analysis Date: 2025-07-29 17:14 UTC

1. Risk Rating: MEDIUM
   SMARTWISH CONSULTING LIMITED exhibits moderate financial stability with positive net current assets and increasing shareholders' funds over two years. However, low cash reserves relative to current liabilities and limited operational history introduce some risk.

2. Key Concerns:

• Liquidity Risk: Cash at bank dropped substantially from £25,220 in 2023 to £1,047 in 2024, which could impair the company's ability to meet short-term obligations despite positive net current assets.
• Limited Operational History: Incorporated in 2022 with only two years of financial data, making trend analysis and business sustainability assessment difficult.
• Concentration of Control: Single individual (Mr. Terry Vialls) holds 75-100% ownership and voting rights, which may pose governance and succession risks.

3. Positive Indicators:

• Improved Working Capital: Net current assets increased from £3,905 in 2023 to £9,761 in 2024, showing better short-term asset coverage over liabilities.
• No Overdue Filings: Accounts and confirmation statements are filed on time, indicating compliance with statutory requirements.
• Profit Retention: Profit and loss reserves increased significantly, suggesting accumulation of retained earnings and possibly growing profitability.

4. Due Diligence Notes:

• Investigate reasons for sharp decrease in cash reserves during the 2024 financial year and assess ongoing cash flow projections.
• Review revenue recognition practices and client concentration given the SIC code "Other business support service activities" and reliance on franchisee agreements.
• Confirm absence of director disqualifications or regulatory issues related to Mr. Terry Vialls, given his dominant control.
• Consider obtaining management accounts or forecasts to assess operational sustainability beyond the limited historical data.