Company Number: 13973020

Analysis Date: 2025-07-29 16:50 UTC

1. Risk Rating: MEDIUM
   The company shows a stable equity base but exhibits a slight negative working capital position in the latest year, indicating potential short-term liquidity constraints. The small scale and micro-accounting category limit the granularity of financial data available for deeper analysis.

2. Key Concerns:

• Negative net current assets (£-142) as of March 2024, a decline from a positive position (£874) the prior year, suggesting tighter liquidity and potential cash flow stress.
• Limited financial disclosure due to micro-entity status, including no profit and loss account filed, restricting assessment of profitability and operational cash generation.
• Single director and sole shareholder structure concentrates control and decision-making, which may heighten governance and succession risks.

3. Positive Indicators:

• Positive net assets and shareholders’ funds (£11,646) maintained, indicating the company’s overall solvency position remains intact despite short-term liquidity pressures.
• Timely filing of annual accounts and confirmation statements, showing compliance with regulatory requirements and no overdue filings or penalties.
• Operating in a niche sector (sports and recreation education) with a focused business model potentially allowing for manageable operational scale.

4. Due Diligence Notes:

• Investigate cash flow trends and working capital management practices to understand causes of the decline in net current assets.
• Obtain internal management accounts or forecasts to assess profitability and operational sustainability beyond the limited statutory accounts.
• Review governance arrangements, particularly director involvement and contingency plans given the single director/shareholder setup.
• Confirm any off-balance sheet liabilities or contingent risks not captured in filed accounts.