14 HAMPTON ROAD TEDDINGTON LIMITED

Risk Rating: LOW The company exhibits a stable, low-risk financial profile characteristic of its operational model as a Residents Property Management company (SIC 98000). It has maintained consistent net assets equal to its share capital over a sustained period, has an unblemished filing history, and its liabilities are fully covered by current assets.

Key Concerns: * PSC Concentration: Mr. Christopher Gould is the only individual listed as a Person with Significant Control (PSC), holding "significant influence or control." In a residents' management company, it is customary for control to be distributed among the leaseholders/shareholders. A single PSC may indicate an administrative delay in updating the PSC register or a concentration of power that could concern prospective property buyers. * Fixed Assets Composition: The latest accounts show £1,000 in fixed assets. For a property management company that typically only holds service charge funds (current assets) and does not trade, the nature and liquidity of this fixed asset are unclear from the face of the accounts. * Director Turnover: There has been recent movement in the officer roster, including the resignation of a director in June 2024 and the appointment of several others. While routine for property management companies as residents move, frequent changes require close monitoring to ensure continuity of compliance and maintenance obligations.

Positive Indicators: * Operational Equilibrium: The company operates on a break-even basis, which is the standard, healthy model for a residents' management company. Net current assets are exactly £0, meaning service charge funds collected (current assets) perfectly offset the obligations to contractors and reserves (current liabilities). There is no evidence of misappropriation of service charges or deficit funding. * Capital Preservation: Net assets have remained exactly £1,000 (matching the called-up share capital) for at least ten consecutive years. This demonstrates disciplined financial management without eroding the capital base through trading losses—expected for a non-trading entity. * Strong Compliance History: The company has been incorporated for over 25 years, with its accounts and confirmation statements currently up to date and not overdue. There are no indications of insolvency, administration, or director disqualifications.

Due Diligence Notes: * Verify PSC Structure: Investigate whether the PSC register accurately reflects the leaseholders. If the company operates via a guarantee structure typical of RMCs, the corporate governance should ensure all qualifying tenants have a voice. * Clarify Fixed Assets: Request clarification on the £1,000 fixed asset. In these types of entities, this sometimes represents a long-term leasehold interest or a sinking fund deposit, which alters the risk profile regarding asset liquidity. * Review Service Charge Demands: While the statutory accounts show a balanced position, the true operational health of an RMC is found in its service charge demands and sinking fund projections. An investor or prospective leaseholder should request the managing agent's forward-looking budget to ensure there are no anticipated major works that could require a special levy.