LOMOND SCHOOL LIMITED

Risk Rating: MEDIUM (provisional)

The rating is driven primarily by the overdue accounts filing and the absence of financial statements in the supplied data, which prevents a proper solvency and liquidity assessment. This is offset by the company’s active status, long incorporation history, and confirmation statement not being overdue. On current evidence there is no indication of liquidation, administration, or receivership, but transparency is materially limited.

Key Concerns

1. Overdue accounts / compliance risk
   The extract flags accounts as overdue. The last made-up date is 2024-07-31, while the next due date shown is 2026-07-31; this should be reconciled against the Companies House filing history. Overdue accounts are a governance and compliance red flag, can attract penalties, and may increase strike-off risk if unresolved. It may be administrative, but it also reduces confidence in financial transparency.

2. No financial data available for solvency or liquidity assessment
   No balance sheet, profit and loss, cash flow, creditor, debt, or going-concern information is provided. As a result, solvency risk, liquidity pressure, and operational stability cannot be independently assessed. For an education provider, key sensitivities would include pupil enrolment, fee arrears, staff costs, lease commitments, debt facilities, and pension obligations, but none of these can be evaluated from the available data.

3. Recent officer turnover and limited control transparency
   Several director and secretary resignations are recorded in 2026, including three directors and one secretary within a short period. Board rotation can be routine, but a cluster of departures warrants review of board minutes and governance stability. The PSC register shows only a statement rather than named controller(s); for a company limited by guarantee this may be normal, but it limits visibility over ultimate control and membership.

Positive Indicators

• Company status is Active, with no liquidation, administration, or receivership flag.
• Incorporated in 1976, indicating long-established operations.
• Confirmation statement is recorded as not overdue.
• Operates in the education sector under SIC codes for primary and general secondary education, with an active website presence.
• Current board includes individuals with legal, academic, and commercial backgrounds, which may support governance capacity.
• The company is a private company limited by guarantee with no share capital, which is common for educational and membership-based entities.

Due Diligence Notes

• Obtain the latest filed accounts and reconcile the overdue status against Companies House filing history, including any penalty or strike-off correspondence.
• Request management accounts, cash flow forecasts, creditor ageing, debt schedule, lease obligations, and any pension or contingent liabilities.
• Review pupil enrolment trends, fee income concentration, fee arrears, staff costs, and regulatory inspection outcomes.
• Review board minutes and resignation correspondence for the 2026 director and secretary changes.
• Verify the PSC/member register and, if applicable, charitable status and related-party transactions.
• Check for registered charges, accounts qualifications, going-concern disclosures, and any prior insolvency or governance issues.
• Treat website information as indicative only, as it is automatically discovered and not human-verified.