STAFFORDSHIRE PROVIDERS NETWORK LIMITED

Executive Summary

Staffordshire Providers Network Limited demonstrates a solid solvency and liquidity position with no current liabilities and increasing net assets. However, the absence of employees, significant recent changes in directors and persons with significant control, and lack of fixed assets warrant further inquiry into operational sustainability and governance stability. Overall, the company appears compliant and financially stable at present but requires deeper due diligence on its business model and leadership transitions.

STAFFORDSHIRE PROVIDERS NETWORK LIMITED - Analysis Report

Company Number: 13549049

Analysis Date: 2025-07-29 20:19 UTC

1. Risk Rating: LOW
   Staffordshire Providers Network Limited presents a low risk profile based on the most recent financial data. The company has positive net assets with no current liabilities at the latest year-end and has maintained compliance with filing deadlines. The absence of debt and growing net assets indicate a stable solvency position.

2. Key Concerns:

• The company operates with zero employees, which may raise questions about operational capacity or reliance on external resources or volunteers.
• There has been significant director turnover in late 2023 and early 2024, including key individuals with significant control having resigned, potentially affecting governance continuity.
• The company holds no fixed assets, which might limit operational infrastructure or collateral for financing, depending on its business model.

3. Positive Indicators:

• The company’s net current assets improved from £23,280 in 2023 to £43,498 in 2024, indicating strengthened liquidity.
• No current liabilities reported for 2024, demonstrating a clean short-term balance sheet position.
• All statutory filings, including accounts and confirmation statements, are up to date with no overdue notices, reflecting good regulatory compliance.
• The company is categorized as Micro-entity, and the accounts have been prepared under the relevant exemptions, which is appropriate for its size and complexity.

4. Due Diligence Notes:

• Clarify the operational model given zero employees and no fixed assets; understand how services are delivered and revenue generated.
• Investigate reasons for significant director and PSC changes in late 2023/early 2024 and assess impact on governance and strategic direction.
• Review cash flow patterns and sources of funding to confirm ongoing liquidity beyond balance sheet snapshots.
• Confirm the nature of prepayments and accruals that affect net asset calculations, ensuring no hidden liabilities or obligations.
• Understand the business activities under SIC code 96090 ("Other service activities not elsewhere classified") to assess sector-specific risks and sustainability.