AEGIS GROUP HOLDINGS LIMITED

Executive Summary

AEGIS GROUP HOLDINGS LIMITED exhibits weak financial strength with minimal net assets and significant working capital deficits driven by reliance on related party funding. Cash flow and liquidity are tight, raising concerns on the company’s ability to independently service liabilities. Conditional credit approval is recommended, contingent upon ongoing monitoring of liquidity and confirmation of continued group financial support.

AEGIS GROUP HOLDINGS LIMITED - Analysis Report

Company Number: 12463769

Analysis Date: 2025-07-20 12:33 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   AEGIS GROUP HOLDINGS LIMITED is an active private limited company engaged in development of building projects. The company shows very low equity and persistent working capital deficits, with current liabilities significantly exceeding current assets. This suggests short-term liquidity stress and reliance on group or related party funding. The presence of substantial amounts owed to group undertakings (£177,720 current, £87,500 non-current) indicates financial support from related parties rather than strong independent cash generation. The controlling director has significant ownership and management roles, which is positive for continuity but raises concentration risk. Approval is conditional on close monitoring of liquidity and confirmation of ongoing group support or improvement in operating cash flows.

2. Financial Strength:
   The balance sheet reflects net assets of only £21,138 at the 2022 year-end, unchanged from prior periods, indicating the company is essentially capitalised at a minimal level (£1 share capital) with accumulated retained earnings just above that level. Fixed assets are mainly investments (£336,000) in related entities, not tangible operational assets, and have decreased from prior year due to disposals. The company’s net current liabilities are large (£229,476), implying a working capital deficit and potential cash flow challenges. Long-term creditors of £87,500 further strain the company’s balance sheet. Overall, the financial strength is weak with limited buffer for external shocks, relying primarily on group funding.

3. Cash Flow Assessment:
   Cash at bank was £4,377 at the 2022 year end, down from £10,873 in early 2022, pointing to cash depletion over the year. Trade debtors are negligible (£368), with most receivables likely intra-group, limiting independent cash inflows. Current liabilities are heavily weighted towards amounts owed to group undertakings (£177,720) and other creditors (£56,501). The company’s operating cycle appears dependent on intercompany transactions rather than external client cash flow. Liquidity is strained, and the company would face difficulty servicing external creditors without continuing group support or capital injections.

4. Monitoring Points:

• Working capital trends and ability to reduce net current liabilities
• Dependence on group funding: terms and sustainability of intercompany debts
• Cash flow generation from operations and changes in cash balances
• Any changes in fixed asset investments and their recoverability
• Director and shareholder commitments to support the company financially
• Timeliness and completeness of future accounts and confirmation statement filings