Company Number: 13886929

Analysis Date: 2025-07-20 16:47 UTC

1. Risk Rating: HIGH

The company exhibits a high risk profile primarily due to persistent net current liabilities over the last two reported years, indicating ongoing liquidity shortfalls, and a very low net asset base (£132 as of 28 February 2025). This signals potential difficulties meeting short-term obligations.

2. Key Concerns:

• Negative Working Capital: The company has net current liabilities of -£1,884 in 2025 and -£2,440 in 2024, showing insufficient current assets to cover short-term liabilities, which raises immediate liquidity concerns.
• Deteriorating Financial Position: Net assets have declined sharply from £5,215 in 2023 to £132 in 2025. This erosion of equity undermines solvency and financial stability.
• Director and PSC Changes: One of the original directors and a PSC (Samuel Max Talbot) resigned in March 2023 but remains listed as PSC. This discrepancy may signal governance or compliance issues that need clarification.

3. Positive Indicators:

• Compliance with Filing Deadlines: The company is up to date with accounts and confirmation statement filings, indicating regulatory compliance and transparency.
• Active Website and Business Presence: The company maintains an active website and provides contact details, suggesting ongoing operations and client engagement within its consultancy niche.
• Low Fixed Asset Base: Minimal fixed assets reduce capital tied up in illiquid resources, potentially allowing flexibility in operations or restructuring.

4. Due Diligence Notes:

• Investigate the reasons behind the significant decline in net assets and negative working capital over recent years, including cash flow statements and profitability details not available here.
• Clarify the current shareholding and control structure, especially regarding the resignation of a PSC/director and whether the PSC register is up to date.
• Assess the company's operational model and revenue streams in the management consultancy sector to determine sustainability given its small scale and financial constraints.
• Verify the absence of any outstanding creditor actions or enforcement notices that may not be evident from filings alone.