Company Number: 12655038

Analysis Date: 2025-07-29 12:41 UTC

1. Risk Rating: MEDIUM
   AGL Property (NE) Limited shows positive net assets but persistent and significant net current liabilities, indicating liquidity challenges. The company is small and relatively new, with limited financial disclosures, which increases uncertainty around operational stability. However, no overdue filings or compliance issues are noted, mitigating regulatory concerns.

2. Key Concerns:

• Liquidity Deficit: The company has consistently reported large negative net current assets (working capital deficits exceeding £228k as of June 2024), indicating potential difficulties in meeting short-term liabilities as they fall due.
• Concentration of Control: One individual (Mr. Anthony Lowther) holds 75-100% share ownership and voting rights, which may present governance and succession risks.
• Limited Financial Transparency: As a micro-entity, the company files filleted accounts without profit and loss details, limiting insight into profitability, cash flow generation, and operational performance.

3. Positive Indicators:

• Positive Net Asset Position: Despite liquidity issues, the company’s fixed assets exceed £240k, and net assets improved from negative in 2020 to £12,288 in 2024, showing gradual equity build-up.
• Compliance with Filing Obligations: All statutory accounts and confirmation statements are filed on time with no overdue filings, reflecting sound regulatory compliance.
• Experienced Directors: The directors include an accountant and a property manager, suggesting relevant expertise is present to manage financial and operational matters.

4. Due Diligence Notes:

• Review detailed cash flow and profit and loss data (not publicly filed) to assess operational profitability and cash generation capacity.
• Investigate the nature and terms of the current liabilities causing working capital deficits to understand refinancing or payment risks.
• Examine related party transactions or intra-group balances if applicable, given the family control structure.
• Confirm the valuation and liquidity of fixed assets to assess their usability as security or for sale if needed.
• Assess future business plans and sources of working capital funding to understand sustainability and solvency outlook.