Risk Analysis: CONSENTIUM LIMITED

1. Risk Rating: HIGH

The company is deeply and persistently insolvent, with negative shareholders' funds of £830,898 as at 31 December 2024. Total assets stand at a negligible £735 against total liabilities of £831,633, meaning the company has no realistic capacity to meet its obligations from its own resources. This position has persisted for at least a decade, with accumulated losses worsening year on year. The company is entirely dependent on creditor forbearance for its continued existence.

2. Key Concerns

i) Severe Insolvency and Capital Erosion The company's net assets have been negative throughout the entire ten-year financial history provided, deteriorating from £-342,301 in 2015 to £-830,898 in 2024. Share capital is only £100, meaning there is no meaningful equity buffer. The company is balance-sheet insolvent by a substantial margin, and this position shows no signs of recovery.

ii) Dramatic Asset Depletion Between 2018 and 2019 Total assets fell from £736,049 (2018) to £33,176 (2019), a decline of over £700,000 in a single year. Given the SIC code relates to buying and selling of own real estate, this likely represents a property disposal or write-down. The corresponding movement in liabilities (from £-1,412,235 to £-850,418) suggests a partial creditor settlement or debt restructuring occurred, but the company was left with negligible assets and still deeply insolvent.

iii) Going Concern Viability Since 2019, total assets have dwindled further from £33,176 to just £735 in 2024. The company appears to have no meaningful trading activity or asset base, yet liabilities remain at £831,633. The micro-entity accounts provide no narrative on going concern assumptions, director assurances, or creditor support arrangements, leaving a significant information gap.

3. Positive Indicators

• Filing Compliance: Accounts and confirmation statements are filed on time with no overdue filings, indicating administrative discipline despite the financial position.
• Corporate Backing: Matrix Property Limited holds over 75% of shares and has the right to appoint and remove directors, suggesting a parent or group entity may be providing implicit support.
• Creditor Forbearance: The company has survived in an insolvent state for over a decade, which strongly suggests creditors (likely related parties) are not pressing for repayment or winding up.
• Operational Continuity: The company remains active and has maintained at least one employee/director consistently.

4. Due Diligence Notes

• Creditor Identity and Terms: It is critical to establish who the £831,633 in liabilities is owed to. Given the group structure via Matrix Property Limited, these are likely intercompany balances. Confirmation of whether these are demandable or supported by formal undertakings not to seek repayment is essential.
• Going Concern Statement: The micro-entity accounts provide no going concern assessment. Direct enquiry should be made as to whether the director has considered the company's ability to continue trading and whether any creditor support letters exist.
• Nature of Post-2018 Activity: Since 2019, the company appears to have minimal operations. Clarification should be sought on whether the company is effectively dormant or holding liabilities on behalf of the group, and whether there is any strategic purpose for its continuation.
• Relationship with Matrix Property Limited: The controlling shareholder's financial position should be reviewed to assess whether group-level support is available and enforceable.
• 2018-2019 Transaction: The substantial asset and liability movements in this period warrant investigation. Was there a property sale? Was debt forgiven or restructured? Understanding this is key to assessing whether the current position is stable or deteriorating.
• Secretary's Unknown Nationality: The nationality of Gary Paul Parkinson is recorded as unknown, which is a minor but notable data quality issue.