Fortunatus Group Ltd

Fortunatus Group Ltd from Truro UK: a small company with an active status, founded 8 years ago, currently has accounts overdue for 4 months and confirmation overdue by 1 month. It employs just one person, holds £734 in assets, operates from a real address, and is led by one director and owner, who is also the solo founder.

The company’s website reveals a focus on human capital solutions within the financial services and fintech sectors. It positions itself as an international recruitment consultancy, connecting top-tier talent with career opportunities. The site highlights expertise in corporate investment banking, hedge funds, private equity, insurance, and fintech, offering recruitment services for various roles, from junior traders to business managers. It emphasizes aligning candidates with company culture and vision, promising high-quality talent, improved productivity, cost savings, enhanced innovation, a positive company culture, and a competitive advantage. The website also features news and insights on evolving workplace trends and the impact of data on employer branding.

Financially, Fortunatus Group Ltd presents a concerning picture. Current assets have declined by 23%, dropping to just £95, while net assets have plummeted 120%, reaching a negative £11,000. Bank borrowings have surged by a staggering 110%, climbing to £11,000, and cash reserves have shrunk by 22%, leaving just £95 on hand. While creditors have also increased by 110%, reaching £11,000, it suggests the company is relying more on credit to stay afloat. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for agility, but the significant equity decline and reliance on borrowing raise serious questions about its financial health. No auditor is mentioned, which is typical for a small, exempt company.

It seems the company is burning through money. The increased borrowing and negative equity suggest it’s struggling to generate enough revenue to cover its expenses. While the recruitment sector can be lucrative, Fortunatus Group Ltd’s current trajectory indicates a need for careful management and potentially, a shift in strategy.

Registered in England/Wales under the registration number 10598602, with a registered address at TR1 2DZ, United Kingdom, Truro, Cornwall, 43 Carclew Street.

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