TRAINING CONNECT LTD

Executive Summary

TRAINING CONNECT LTD exhibits high financial risk characterized by minimal net assets and no operational scale, which challenges its solvency and liquidity. Although compliant with statutory filings and active in status, the company’s extremely limited financial data and control structure warrant further investigation before considering investment. Caution is advised due to the unclear operational viability and governance transparency.

TRAINING CONNECT LTD - Analysis Report

Company Number: 13983005

Analysis Date: 2025-07-29 19:00 UTC

1. Risk Rating: HIGH
   Justification: The company shows extremely limited net assets (£202 in 2024) and minimal working capital, indicating very weak financial footing. Negative net current assets in the prior year and negligible operational scale raise concerns about its ability to meet obligations.

2. Key Concerns:

• Solvency and Liquidity: Net assets barely positive at £202, with prior year negative net assets and current liabilities exceeding current assets suggest a high risk of insolvency or cash flow problems.
• Operational Stability: No employees and minimal reported assets imply no ongoing trading activity or operational scale, raising questions about sustainability.
• Governance and Control: Complex ownership/control structure with a PSC company and individual holding 75-100% shares and voting rights may reduce transparency and raise governance concerns.

3. Positive Indicators:

• Compliance: Company is filing accounts and confirmation statements on time, with no overdue filings.
• Active Status: Registered as active and not in liquidation or administration.
• Clear Director Accountability: Director Daljit Grewal is actively signing off on accounts, implying some degree of oversight.

4. Due Diligence Notes:

• Investigate the nature of the company’s business model and revenue streams given zero employees and minimal financial activity.
• Review cash flow statements (not provided) to assess liquidity and short-term payment capacity.
• Clarify the roles and relationships between the PSC company, individual PSCs, and the directors to evaluate control risks.
• Confirm whether the company is trading or dormant given the lack of operational indicators.
• Assess any contingent liabilities or off-balance sheet obligations not reflected in micro-entity filings.