ADMIRAL VOO LTD

Executive Summary

Admiral Voo Ltd exhibits high financial risk characterized by sustained negative net assets and liquidity deficits, raising concerns about its ability to meet obligations. Despite compliance with filing requirements and clear ownership structure, the company’s minimal scale and persistent losses suggest operational and solvency challenges. Further investigation into liabilities and cash flow is advisable to fully assess viability.

ADMIRAL VOO LTD - Analysis Report

Company Number: 13478566

Analysis Date: 2025-07-29 16:09 UTC

1. Risk Rating: HIGH
   The company shows persistent negative net assets and working capital deficits over multiple years, indicating an inability to cover liabilities with available assets. This points to significant solvency and liquidity risk.

2. Key Concerns:

• Negative Net Assets: The company’s net assets remain negative (£-6,998 in 2025), reflecting accumulated losses and insufficient capitalization.
• Working Capital Deficit: Consistently large negative net current assets (e.g., £-13,478 in 2025) imply ongoing liquidity challenges and potential cash flow problems.
• Minimal Scale & Staffing: The company is classified as micro with only one employee on average, which raises concerns about operational capacity and sustainability.

3. Positive Indicators:

• No Overdue Filings: The company is up to date with both accounts and confirmation statement filings, indicating compliance with statutory requirements.
• Single Controlling Director: Clear ownership and control by a single director/PSC (Billy Coe) may allow for swift decision making.
• Increasing Fixed Assets (2024-2025): Fixed assets rose from £1,868 to £7,173, possibly indicating some investment or asset acquisition.

4. Due Diligence Notes:

• Investigate the nature and terms of liabilities causing the large current liabilities balance. Are these trade payables, loans, or other obligations?
• Assess cash flow statements (if available) to determine whether the company can meet short-term obligations or if it relies on director loans or external funding.
• Clarify the business model given the SIC codes range from education support to telecommunications and consulting, which is unusual for a micro company with minimal employees.
• Review the director’s plans or any restructuring efforts to address the ongoing losses and negative equity.
• Confirm absence of director disqualifications or compliance issues beyond filings.