TOBIN F LTD

Executive Summary

Tobin F Ltd demonstrates a solid net asset base and clear compliance with statutory requirements, supporting operational stability. However, liquidity concerns arise from negative net current assets and a sharp increase in current liabilities, warranting further investigation. The company’s concentration of ownership and control in a single director adds a governance dimension to the risk profile.

TOBIN F LTD - Analysis Report

Company Number: 13736870

Analysis Date: 2025-07-29 13:15 UTC

1. Risk Rating: MEDIUM
   The company shows a strong net asset position overall, but recent year-end current liabilities exceed current assets, resulting in negative net current assets. This could signal short-term liquidity pressures despite solid overall equity, warranting moderate caution.

2. Key Concerns:

• Negative net current assets (£-6,520) at the latest year-end indicate potential liquidity constraints affecting the company’s ability to meet short-term obligations.
• Significant increase in current liabilities from £19,956 (2023) to £55,107 (2024) without a corresponding increase in current assets suggests rising short-term debt or payables.
• Single director ownership concentration (100% control by Mr. Tobin Michael Fordham) raises governance risk and potential over-reliance on one individual for business continuity and decision-making.

3. Positive Indicators:

• Net assets have increased significantly from £55,227 (2023) to £93,492 (2024), indicating growth in the company’s overall financial base.
• Fixed assets increased markedly (£26,154 to £100,942), which may represent investment in productive capacity or long-term resources supporting operational stability.
• The company is up to date on all statutory filings, including accounts and confirmation statements, indicating compliance with regulatory requirements.
• Operating as a micro-entity with reported exemption status suggests streamlined reporting and potentially lower administrative overhead.

4. Due Diligence Notes:

• Investigate the nature and causes of the surge in current liabilities and verify the composition of these liabilities (e.g., trade creditors, short-term loans).
• Review cash flow statements or bank statements (if available) to assess actual liquidity and the company’s ability to convert assets to cash quickly.
• Assess the business model and revenue streams to understand sustainability and how fixed assets are contributing to income generation.
• Consider the risks related to single-person control and whether any succession or contingency plans exist.
• Confirm there are no director disqualification records or adverse governance flags associated with Mr. Fordham.
• Review the detailed notes in the full accounts for contingent liabilities, related party transactions, or unusual accounting policies.