Company Number: 13688535

Analysis Date: 2025-07-29 13:21 UTC

1. Risk Rating: MEDIUM
   TABLEC LTD shows a material decline in net current assets and net assets from 2022 to 2023, with net assets turning slightly negative in 2023. This indicates emerging financial stress, though the scale of operations is small (micro-entity) and the company remains active without overdue filings.

2. Key Concerns:

• Deterioration in Financial Position: Net assets decreased from £2,756 in 2022 to negative £748 in 2023, driven by a sharp reduction in current assets and increase in accruals, suggesting cash or receivables issues.
• Low Working Capital Buffer: Net current assets dropped from £2,756 to only £326, leaving very limited liquidity to cover short-term liabilities.
• Single Director and Shareholder Concentration: Miss Tabitha Lofts holds 75-100% shares and is the sole director, posing governance and control concentration risks.

3. Positive Indicators:

• Compliance with Filings: No overdue accounts or confirmation statements, indicating good compliance and regulatory standing.
• Micro-Entity Status: Small scale reduces complexity, and the company benefits from simplified reporting requirements.
• No Long-Term Liabilities: The company reports no creditors beyond one year and no provisions, limiting solvency risk from long-term debt.

4. Due Diligence Notes:

• Investigate reasons for the significant drop in current assets and net assets between 2022 and 2023, including any bad debts or changes in revenue/costs.
• Review cash flow statements and bank balances to assess liquidity beyond year-end snapshot.
• Examine the nature and timing of accruals (£1,074) recorded in 2023 that contributed to lower net current assets.
• Assess the business model’s sustainability given limited scale and single-person governance.
• Confirm no director disqualifications or past regulatory issues with Miss Tabitha Lofts.