ACCESS BUILDERS & PROPERTY MAINTENANCE LIMITED

Executive Summary

Access Builders & Property Maintenance Limited is financially weak with growing net liabilities and negative working capital, indicating poor liquidity and solvency. The company currently lacks the financial strength and cash flow generation to support new credit facilities. Continued monitoring of financial improvements and operational performance is essential before reconsidering credit exposure.

ACCESS BUILDERS & PROPERTY MAINTENANCE LIMITED - Analysis Report

Company Number: 13528372

Analysis Date: 2025-07-20 15:39 UTC

1. Credit Opinion: DECLINE
   Access Builders & Property Maintenance Limited exhibits significant financial weakness with persistent and increasing net liabilities over the last three reported years. The net liabilities deteriorated from £-1,327 in 2022 to £-20,683 in 2023, indicating an erosion of shareholders' funds and potential insolvency risk. Current liabilities exceed current assets by a substantial margin (£32,229 vs. £12,248 in 2023), leading to negative working capital. This suggests poor short-term liquidity and an inability to meet immediate obligations without external funding or shareholder support. Given these financial strains and the absence of any indication of profitability or cash inflow improvements, the company does not currently demonstrate the capacity to service new credit facilities.

2. Financial Strength:
   The balance sheet shows a micro-entity with minimal fixed assets and a heavy reliance on current liabilities that have grown markedly between 2022 and 2023. The negative net current assets of £-19,981 and net liabilities of £-20,683 highlight a fragile financial position. The company's shareholder equity is deeply negative, reflecting accumulated losses and possibly ongoing cash burn. With only one employee and limited asset base, operational scale is minimal, likely constraining revenue generation and resilience. The micro-entity accounting regime used limits detailed disclosures, but the available data point to weak solvency and capital structure.

3. Cash Flow Assessment:
   The company’s cash position is not explicitly disclosed for 2023 but was reported as £6,450 in 2022—already low for operational needs. Given the large increase in current liabilities, it is probable that cash resources have been insufficient to cover short-term debts, resulting in negative working capital. The negative net current assets imply that the company may be reliant on supplier credit or shareholder injections to meet its obligations. Lack of positive cash flow trends or profitability metrics in the accounts raises concerns about the company’s ability to generate sustainable operating cash flows or service debt without external support.

4. Monitoring Points:

• Monitor future annual accounts for improvements in net assets and working capital positions.
• Track cash flow statements or management accounts, if available, to assess liquidity trends.
• Watch for any changes in director appointments or significant shareholder actions that could impact financial support.
• Observe industry and economic conditions affecting domestic construction demand, as the company’s sector can be cyclical.
• Review any overdue filings or signs of financial distress such as late payments or creditor disputes.