Cracknell Professional Services Ltd

Cracknell Professional Services Ltd, based in Newport, UK, is a small, active company founded seven years ago in 2018. It employs just one person and holds £6,443 in assets. With two directors but no reported owners, the company operates from a real address shared by five other businesses.

The company’s website, Cracknell Risk Consulting, focuses on business interruption (BI) insurance risk consultancy. Tim Cracknell, the founder, offers expertise in BI insurance reviews (BIIRs), aiming to bring clarity and certainty to a complex subject. The site highlights services for organizations of all sizes, emphasizing deep experience and a focus on BI insurance.

Financially, Cracknell Professional Services Ltd presents a mixed picture. While cash bank on hand increased by a modest 8.3% to £3,700, current assets decreased by 17% to £6,400. Bank borrowings are not mentioned, but net assets remained steady at £2. Debtors have fallen considerably, by 37%, which could indicate improved cash flow management. However, the increase in net current liabilities, up 51% to -£860, suggests the company is burning through cash faster than it’s bringing it in. The company’s small size (meeting two of three criteria for a small company) allows for agility, but the decrease in debtors and increase in liabilities are concerning. There’s no auditor listed, which is common for small companies, so the figures are unaudited.

Overall, Cracknell Professional Services Ltd appears to be navigating a challenging period. While the consultancy services seem well-defined and targeted, the company’s financial health requires close monitoring.

Registered in England/Wales under the registration number 11295434, with a registered address at PO30 5WB, England, Newport, Isle Of Wight, Innovation Centre, St Cross Business Park.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.