AD-HOC PUBS LTD

Executive Summary

AD-HOC PUBS LTD exhibits significant financial distress evidenced by negative net assets and a substantial working capital deficit as of its latest accounts. While compliance with statutory filings is maintained, the absence of employees and operational clarity raise concerns about the sustainability of its business. Further due diligence is necessary to assess liquidity, creditor arrangements, and ongoing operational viability.

AD-HOC PUBS LTD - Analysis Report

Company Number: 13626330

Analysis Date: 2025-07-29 15:57 UTC

1. Risk Rating: HIGH
   Justification: The company shows significant net current liabilities (£335,843) and negative net assets (£267,292) as of the latest accounts date, indicating solvency concerns. The absence of employees and the negative equity position suggest operational and financial instability.

2. Key Concerns:

• Solvency Risk: Net liabilities and negative shareholders’ funds indicate the company’s liabilities exceed its assets, raising doubts about its ability to meet obligations.
• Liquidity Concerns: Current liabilities of £399,054 against current assets (debtors of £63,211 only) reveal a substantial working capital deficit, implying cash flow difficulties.
• Operational Stability: The company has no employees, which may point to minimal or no active operations, raising sustainability questions.

3. Positive Indicators:

• Compliance: The company is up to date with both accounts and confirmation statement filings, with no overdue submissions or penalties noted.
• Ownership: Clear and concentrated ownership structure with a single corporate PSC (Untapped Group Ltd) and a director with full control, which can simplify governance and decision-making.
• Tangible Assets: The company holds tangible fixed assets valued at £68,551, indicating some invested capital.

4. Due Diligence Notes:

• Investigate the nature and collectability of the debtor balance (£63,211) to assess liquidity realistically.
• Clarify the reasons for the large current liabilities (£399,054), including trade creditors and group debts, and determine repayment plans or creditor arrangements.
• Examine business operations since incorporation, particularly given zero employees, to understand revenue generation and sustainability of the business model.
• Confirm the extent of support, if any, from the parent company (Untapped Group Ltd) or related parties to address financial deficits.
• Review any contingent liabilities or off-balance sheet commitments not disclosed in the accounts.