THE GITTINS COLGAN GROUP LIMITED

Executive Summary

The Gittins Colgan Group Limited is a newly formed micro-entity operating in the public houses and bars sector, currently exhibiting significant negative net assets and working capital deficits. While compliant with statutory filings and under sole director control, the company faces high solvency and liquidity risks requiring further investigation into its operational viability and financial strategy.

THE GITTINS COLGAN GROUP LIMITED - Analysis Report

Company Number: 14720562

Analysis Date: 2025-07-20 16:28 UTC

1. Risk Rating: HIGH
   The company shows significant negative net assets (-£30,318) and net current liabilities (-£42,894) as at the financial year ending 31 March 2024, indicating insolvency risk and inability to meet short-term obligations without additional financing.

2. Key Concerns:

• Negative net assets and working capital deficit suggest the company is currently insolvent on a balance sheet basis.
• The company is newly incorporated (March 2023) and has already incurred losses or funding deficits, raising questions about operational sustainability.
• The absence of a profit and loss account in the financial statements limits insight into revenue generation, profitability, and cash flow; this opacity increases risk assessment difficulty.

3. Positive Indicators:

• The company is compliant with filing deadlines; no overdue accounts or confirmation statements have been reported.
• The director and sole PSC, Mr. Benjamin Nicholas Gittins, holds full ownership and control, which may facilitate swift decision-making and recapitalization if needed.
• As a micro-entity, the company benefits from simplified reporting requirements, reducing administrative burden.

4. Due Diligence Notes:

• Investigate the underlying causes of the negative net assets: operating losses, start-up costs, or shareholder loans.
• Review cash flow statements or management accounts to assess liquidity beyond the balance sheet snapshot.
• Assess the director’s plans for financial stabilization, including any capital injections or cost control measures.
• Confirm the nature and terms of current liabilities (£74,450) to understand the timing and risk of creditor actions.
• Clarify the business model and forecast revenue streams given the SIC code 56302 (public houses and bars), an industry sensitive to economic conditions.