Company Number: 13294648

Analysis Date: 2025-07-29 18:24 UTC

1. Risk Rating: MEDIUM
   Justification: Boost Print & Display Ltd shows a decline in net current assets and shareholders’ funds from 2024 to 2025, indicating some reduction in liquidity and overall net asset base. Although still solvent with positive net assets, the significant decrease in debtors and cash balances warrants caution. The company remains active with no overdue filings, but the operational scale is small and financial stability appears somewhat volatile.

2. Key Concerns:

• Declining Liquidity: Cash decreased from £55.8k to £31.4k and net current assets dropped from £149.3k to £39.0k in the latest year, which may pressure short-term obligations.
• High Debtor Concentration and Collection Risk: Debtors fell sharply by over £110k, which might reflect issues with receivables collection or lower sales; trade debtors remain a significant portion of current assets.
• Reduced Shareholders’ Funds: Net assets declined by roughly 50% from £189k to £94k, which could reflect operational losses or asset impairments, reducing the equity buffer for creditors and investors.

3. Positive Indicators:

• Solvency Maintained: The company continues to report positive net assets and positive working capital, suggesting it can meet obligations at the reporting date.
• No Filing or Compliance Issues: Both accounts and confirmation statements are filed on time, indicating good regulatory compliance and governance.
• Asset Base Growth in Fixed Assets: Tangible assets increased from £39.8k to £55.0k, indicating some investment in operational capacity or equipment.

4. Due Diligence Notes:

• Investigate the reasons behind the sharp reduction in debtors and cash balances in the latest year to assess whether these are one-off or recurring issues.
• Review the income statement or management accounts (not provided) to understand profitability trends and any impairments or write-offs impacting equity.
• Examine receivables aging and credit control procedures to evaluate the quality and collectability of trade debtors.
• Confirm the nature and terms of director advances/credits, although current balances appear minimal and managed.
• Assess market conditions and business model sustainability given the small size and manufacturing sector classification (SIC 32990).