§01 · Posture
Capital, Liquidity & Prudential Readiness · Internal Posture
Internal readiness workspace for capital, liquidity, runway, wind-down evidence and prudential stress scenarios. Compiled from the 28 prior centres and the 21-pack evidence spine. Conservative: nothing here constitutes capital or liquidity adequacy confirmation, regulator submission, audit opinion, client acceptance, or financial advice.
Runway (base case)18 moAssumes current burn · pre-pilot revenue = 0
Liquidity headroom£X · 9 moInternal target ≥ 6 mo
Capital postureAmberAssumption set · not regulator-confirmed
Wind-down evidence5 / 83 artefacts pending counsel
Mgmt actions open62 counsel-binding · 4 finance-binding
§02 · Prudential taxonomy
10-Class Prudential Taxonomy
| Class | Owner | Source centre | Pack | Posture |
|---|---|---|---|---|
| Capital planning & buffers | Finance | Financial Controls | Capital/Liquidity | Assumption set |
| Liquidity buffers & cash runway | Finance | Financial Controls | Capital/Liquidity | Headroom > target |
| Wind-down planning | Counsel + Finance | Policy / Control Library | Policy Attestation | Drafted |
| Revenue / billing dependency | Finance | Financial Controls | Revenue Recognition | Pre-pilot · ambiguity |
| Tax / VAT exposure | Finance | Financial Controls | Tax/VAT | Evidence stale |
| Outsourcing / vendor concentration | Vendor Risk | Vendor Risk | Outsourcing Concentration | 58% top-2 |
| Operational loss buffer | Finance | Operational Runbooks | Incident | Assumption set |
| Client-money / non-client-money | Counsel + Finance | Policy / Control Library | Policy Attestation | Counsel-bound |
| Jurisdictional prudential mapping | Counsel | Jurisdiction Playbooks | Regulatory Digital Twin | Mapping |
| Stress / scenario library | Finance + Risk | Strategic Risk Register | — | Tabletop |
§03 · Prudential evidence register
Evidence-to-Pack Traceability Matrix
Every artefact maps to a pack, owner, retention window, counsel-binding flag, and last-hash state.
| ID | Artefact | Pack | Owner | Retention | Counsel | Last hash | State |
|---|---|---|---|---|---|---|---|
| EV-001 | Capital plan · base / stress / reverse | Capital/Liquidity | Finance | 7y | Required | 2026-05-08 | Aging |
| EV-002 | Liquidity coverage routine (monthly) | Capital/Liquidity | Finance | 7y | — | 2026-05-15 | Fresh |
| EV-003 | Runway / burn schedule | Capital/Liquidity | Finance | 3y | — | 2026-05-13 | Fresh |
| EV-004 | Wind-down plan (draft) | Policy Attestation | Counsel + Finance | 7y | Required | 2026-05-04 | Drafted |
| EV-005 | Client-money / non-client-money policy | Policy Attestation | Counsel | 7y | Required | 2026-05-02 | Stale |
| EV-006 | Revenue recognition memo (pre-pilot) | Revenue Recognition | Finance + Counsel | 7y | Required | 2026-05-09 | Aging |
| EV-007 | Tax / VAT reconciliation | Tax/VAT | Finance | 10y | — | 2026-05-01 | Stale |
| EV-008 | Outsourcing concentration register | Outsourcing Concentration | Vendor Risk | 5y | Required | 2026-05-12 | Fresh |
| EV-009 | Operational loss buffer assumption set | Incident · Policy Attestation | Finance + Counsel | 5y | Required | 2026-05-10 | Aging |
| EV-010 | Cash flow / risk forecast posture | Capital/Liquidity | Finance | 3y | — | 2026-05-14 | Fresh |
| EV-011 | Jurisdictional prudential mapping | Regulatory Digital Twin | Counsel | 5y | Required | 2026-05-11 | Fresh |
| EV-012 | Stress scenario tabletop log | Incident | Finance + Risk | 3y | — | 2026-05-15 | Fresh |
§04 · Runway & burn
Runway / Burn Scenarios
All figures are internal assumption sets. Not financial advice, not audit-confirmed, not regulator-confirmed.
| Scenario | Burn assumption | Revenue assumption | Runway | Liquidity floor breach | State |
|---|---|---|---|---|---|
| Base case | Current run-rate | £0 pre-pilot | 18 mo | No | Within tolerance |
| Hiring +20% (counsel + finance + SRE) | +20% | £0 pre-pilot | 14 mo | No | Watch |
| Pilot revenue (counsel-bound) | Current | Counsel-bound pilot revenue | 22 mo | No | Counsel-bound |
| Vendor cost spike (+30%) | +12% total | £0 pre-pilot | 15 mo | No | Watch |
| Counsel/auditor cost overrun (+£X) | +8% total | £0 pre-pilot | 16 mo | No | Watch |
| Stress (combined) | +25% burn | £0 pre-pilot | 12 mo | Possible <6mo on hold | Action trigger |
| Reverse stress · "what kills runway in 9mo?" | Combined shock | £0 pre-pilot | 9 mo | Yes within window | Tabletop only |
§05 · Liquidity buffer
Liquidity Buffer Tracker · Monthly Review
| Month | Opening | Inflows | Outflows | Closing | Months of cover | State |
|---|---|---|---|---|---|---|
| 2026-02 | £X | £0 | £Y | £X-Y | 10 | Above target |
| 2026-03 | £X-Y | £0 | £Y | £X-2Y | 9 | Above target |
| 2026-04 | £X-2Y | £0 | £Y | £X-3Y | 9 | Above target |
| 2026-05 (current) | £X-3Y | £0 | £Y | £X-4Y | 9 | Above target |
§06 · Wind-down plan
Wind-Down Plan Evidence
| Artefact | Status | Owner | Counsel | Linked centre |
|---|---|---|---|---|
| Trigger map · solvency · liquidity · regulatory | Drafted | Finance + Counsel | Required | Policy / Control Library |
| Client communication plan | Counsel-bound | Counsel | Required | Stakeholder Rooms |
| Data preservation & handback plan | Drafted | Evidence Owner | — | Data Governance |
| Vendor exit / orderly handback | Drafted | Vendor Risk | Required | Vendor Risk |
| Cost-to-wind-down estimate | Assumption set | Finance | — | Financial Controls |
| Regulator notification template | Counsel-bound | Counsel | Required | Regulatory Escalation |
| Employee / contractor handover plan | Drafted | Operations | — | Operating Model |
| Wind-down board sign-off pack | Drafted | Founder + Counsel | Required | Strategic Reporting |
§07 · Capital action triggers
Capital / Liquidity Action Triggers
| Trigger | Threshold | Current | Action | Authority | State |
|---|---|---|---|---|---|
| Runway floor | ≤ 9 mo | 18 mo | Convene Founder + Finance + Counsel; initiate raise scoping | Founder | Clear |
| Liquidity buffer breach | < 6 mo cover | 9 mo | Activate liquidity action plan; pause non-essential spend | Founder + Finance | Clear |
| Vendor concentration breach | > 60% top-2 | 58% | Activate partner-route secondary; review concentration | Vendor Risk + Founder | Watch |
| Single-month burn deviation | ±15% | +4% | Finance investigate; report at next cadence | Finance | Clear |
| Counsel/auditor cost spike | +£X over plan | +£X·0.4 | Founder approval before next engagement | Founder | Clear |
| Reverse stress activation | RB-07 fires | Tabletop only | Activate wind-down trigger map review | Founder + Counsel | Tabletop |
§08 · Stress / scenario library
Prudential Scenario Library
| ID | Type | Scenario | Tier impact | Linked register risk | State |
|---|---|---|---|---|---|
| PR-S1 | Stress | Combined burn shock (+25%) | T1 | R-009, R-013 | Tabletop |
| PR-S2 | Stress | Vendor concentration shock | T2 | R-009 | Tabletop |
| PR-S3 | Stress | Tax/VAT rate adverse change | T3 | R-007, R-014 | Modelled |
| PR-Y1 | Sensitivity | Capital buffer −10% | T3 | R-013 | Modelled |
| PR-Y2 | Sensitivity | Pilot revenue delay 6 months | T3 | R-014 | Modelled |
| PR-Y3 | Sensitivity | Outsourced KYC vendor cost +20% | T3 | R-002, R-009 | Modelled |
| PR-R1 | Reverse | "What kills 9-month runway?" | T1 | R-013, R-001 | Tabletop |
| PR-R2 | Reverse | "What forces wind-down trigger?" | T1 | R-001, R-002, R-013 | Tabletop |
§09 · Regulatory capital assumptions
Capital / Liquidity Assumption Set
- Capital basis: assumption-only · counsel-deferred. Not regulator-confirmed, not Pillar-1 calibrated, not Pillar-2 calibrated, not Pillar-3 disclosed.
- Liquidity floor: internal target ≥ 6 months of operating cost cover. Not LCR / NSFR-equivalent.
- Client-money posture: counsel-bound. Centre presumes the firm does not hold client money in current pre-pilot posture; this is a planning assumption only and is reviewed each cadence.
- Wind-down cost: internal assumption. Counsel + Finance review-gated before any external use.
- Operational loss buffer: internal assumption set; ties to Incident pack tabletop loss-of-business modelling.
- Jurisdiction overlay: UK / EU / CH / SG / AE mapping-only; US counsel-deferred (consistent with prior 28 centres).
- Revenue recognition: pre-pilot; revenue = £0 in base case. Pilot revenue scenarios are counsel-bound.
- Tax / VAT exposure: assumption set with stale evidence; reconciliation routine scheduled.
§10 · Management actions
Management Action Tracker
| # | Action | Class | Owner | Linked evidence | State |
|---|---|---|---|---|---|
| 1 | Refresh capital plan base/stress/reverse | Capital | Finance | EV-001 | In review |
| 2 | Counsel countersign wind-down plan | Wind-down | Counsel | EV-004 | Pending |
| 3 | Tax/VAT reconciliation rehash | Tax/VAT | Finance | EV-007 | Routine |
| 4 | Client-money policy refresh + counsel countersign | Client-money | Counsel | EV-005 | Pending |
| 5 | Vendor concentration secondary-route activation drill | Outsourcing | Vendor Risk | EV-008 | Scheduled |
| 6 | Operational loss buffer assumption refresh | Operational | Finance + Counsel | EV-009 | In review |
§11 · Escalation lane
Board / Regulator Escalation Triggers
| Trigger | Threshold | Route | Counsel-binding | SLA |
|---|---|---|---|---|
| Liquidity buffer ≤ 6 mo | Cover months < 6 | Finance → Founder → Board reviewer | Conditional | ≤24h |
| Runway ≤ 9 mo | Combined burn shock | Founder + Finance → Counsel → Board | Yes | ≤72h |
| Capital plan assumption breach | Variance > 15% | Finance → Founder · Strategic Reporting log | — | Next cadence |
| Wind-down trigger activated | Trigger map fires | Founder + Counsel · Reg Escalation | Yes | ≤1h |
| Client-money assumption invalidated | Any client-money exposure | Counsel → Founder · pause activity perimeter | Yes | ≤1h |
| Auditor engagement cost spike | +£X over plan | Founder + Finance · board narrative | — | Next cadence |
§12 · Board narrative posture
Board / Regulator Prep · Prudential Section
- Headline: liquidity headroom 9 months · runway 18 months base case · all triggers clear except vendor-concentration watch.
- What changed (7d): liquidity coverage routine refreshed (EV-002), stress tabletop PR-S1 run, vendor concentration register rehashed.
- What's next (30d): counsel countersign on wind-down plan, client-money policy refresh, Tax/VAT reconciliation, capital plan refresh.
- Counsel-bound language: any external statement about capital adequacy, liquidity adequacy, client-money posture, or wind-down readiness is counsel-bound (CTL-010).
- Board-pack delta: cross-linked to Strategic Reporting + Board-Pack Attestation. Counter-sign required by founder.
§13 · Stakeholder views
Prudential Briefing Posture
Founder / Admin
KPI strip, triggers, action tracker, escalation lane, board narrative.
Board reviewer
Top scenarios, action tracker, wind-down evidence summary. Non-binding.
Finance
Capital plan, liquidity tracker, runway, tax/VAT, revenue recognition, assumption set.
Compliance / Legal
Counsel-bound rows, wind-down plan, client-money posture, regulatory mapping.
Risk / Controls owner
Scenario library, triggers, register cross-links, mitigation linkage.
Operations
Wind-down operational handover, vendor exit, employee handover.
Technology / Security
Operational loss tabletop linkage, vendor concentration impact, DR/IR posture.
Evidence Owner
Freshness, retention windows, cross-link integrity, rehash schedule.
Regulator-review room
Counsel-curated read-only. Not a regulator submission.
Investor-review room
Counsel-curated read-only. Not an offer or solicitation.
Auditor / Assurance reviewer
Engagement-letter gated. Not an audit opinion.
§14 · External bundle gates
External Prudential-Bundle Gates
Currently 2 of 4 met. Mirrors prior centres' posture.
| Gate | Acceptance criterion | Counsel-binding | State |
|---|---|---|---|
| 1 | Counsel-locked language across capital, liquidity, wind-down, and client-money external surfaces | Yes | Pending |
| 2 | Wind-down plan + client-money policy counsel-countersigned | Yes | Not met |
| 3 | All linked packs hashed and cross-linked within retention windows | — | Met |
| 4 | At least one stress / reverse-stress tabletop rehearsed in last 30 days | — | Met |
§15 · Stale / missing alerts
Stale Owner / Review Alerts
| ID | Alert | Evidence | Owner | Age (d) | State |
|---|---|---|---|---|---|
| AL-01 | Client-money policy stale (>14d) | EV-005 | Counsel | 16 | Stale |
| AL-02 | Tax/VAT reconciliation stale (>14d) | EV-007 | Finance | 17 | Stale |
| AL-03 | Capital plan aging (>7d) | EV-001 | Finance | 10 | Aging |
| AL-04 | Revenue recognition memo aging | EV-006 | Finance + Counsel | 9 | Aging |
| AL-05 | Operational loss buffer assumption aging | EV-009 | Finance + Counsel | 8 | Aging |
| AL-06 | Wind-down counsel countersign pending | EV-004 | Counsel | 14 | Pending |
| AL-07 | Auditor engagement letter unsigned | — | Counsel | 9 | Drafted |
§16 · Acceptance criteria
Centre Acceptance Criteria
- Every KPI must trace to an evidence artefact + pack + owner.
- Every runway/burn row names burn assumption, revenue assumption, runway, liquidity-floor breach state, and posture.
- Every wind-down artefact names owner, counsel-binding flag, and linked centre.
- Every capital/liquidity trigger names threshold, current value, action, authority, and state.
- Every scenario names type (stress/sensitivity/reverse), linked register risks, tier impact, and tabletop state.
- Every external surface remains counsel-locked. Centre is internal-only.
§17 · Audit trail
Prudential Centre Audit Events (last 10)
| Event | When | Actor | Centre | Pack |
|---|---|---|---|---|
| Prudential dashboard rendered | 2026-05-18T07:30Z | founder-admin | Capital, Liquidity & Prudential Readiness | — |
| KPI strip recomputed | 2026-05-18T07:31Z | system | Executive Cockpit | — |
| Evidence register cross-link validated | 2026-05-18T07:32Z | system | Completeness | 21-pack spine |
| Runway scenarios refreshed | 2026-05-18T07:34Z | Finance | Financial Controls | Capital/Liquidity |
| Liquidity coverage routine logged | 2026-05-18T07:36Z | Finance | Financial Controls | Capital/Liquidity |
| Wind-down plan counsel reminder | 2026-05-18T07:38Z | system | Policy / Control Library | Policy Attestation |
| Vendor concentration register hashed | 2026-05-18T07:40Z | Vendor Risk | Vendor Risk | Outsourcing Concentration |
| PR-S1 tabletop log cross-linked | 2026-05-18T07:42Z | Finance + Risk | Strategic Risk Register | Incident |
| Board narrative draft synced | 2026-05-18T07:45Z | founder-admin | Strategic Reporting | Board-Pack Attestation |
| External-bundle gate state sealed | 2026-05-18T07:48Z | counsel | Production Go/No-Go | Activity Perimeter |
§18 · Conservative limitations
What this Centre is NOT
- Not legal advice. Counsel countersign is the binding signal for any external-facing prudential language.
- Not financial advice. Internal assumption set only.
- Not regulatory approval, registration, licensing, or supervisory acceptance.
- Not capital adequacy confirmation. Not Pillar-1, Pillar-2, or Pillar-3 calibration.
- Not liquidity adequacy confirmation. Internal target only; not LCR / NSFR-equivalent.
- Not certification, accreditation, or attestation of any prudential framework.
- Not an audit opinion. Auditor engagement letter remains unsigned.
- Not a regulator submission. Regulator-room view is counsel-curated and read-only.
- Not client acceptance. Pre-pilot posture.
- Not authorization for external launch. External bundle gates 1 and 2 not yet met.
- Not an offer or solicitation. Investor-room view is counsel-curated and read-only.