Company Number: 13307117

Analysis Date: 2025-07-19 12:14 UTC

1. Credit Opinion: DECLINE
   AHPH One Ltd shows a precarious financial position with net current liabilities exceeding £317k and negligible net assets of only £10, which indicates a serious working capital deficiency. The company’s reliance on fixed assets valued at about £318k is overshadowed by its large short-term obligations. No employees are reported, suggesting limited operational activity or revenue generation. The micro-entity accounts and absence of audit limit transparency, but the persistent negative net current assets over recent years signal poor liquidity and financial stress. This raises significant doubts about the company’s ability to service new or existing credit facilities without additional capital support.

2. Financial Strength:
   The balance sheet is heavily skewed towards fixed assets with minimal equity (£10 share capital and reserves). Current liabilities of £374k surpass current assets (£55k), creating a net current liability position of over £317k. Total net assets remain extremely low at £10, effectively eroded by liabilities. The lack of growth or improvement in net asset position in the last three years, combined with consistent negative working capital, reflects weak financial resilience and limited buffer to absorb shocks.

3. Cash Flow Assessment:
   Current asset composition is unclear but likely includes cash and receivables totaling £55k, insufficient to cover short-term creditors of £374k. The persistent negative working capital suggests ongoing cash flow pressure, raising concerns over the company’s ability to meet maturing liabilities on time. The absence of employees and lack of disclosed income or profit figures imply minimal trading activity, further questioning liquidity sustainability.

4. Monitoring Points:

• Working capital trends and efforts to reduce current liabilities
• Any injections of equity or capital to strengthen the balance sheet
• Cash flow statements and operating cash inflows to assess liquidity improvements
• Changes in fixed asset valuations or disposals to generate cash
• Director or shareholder support commitments for financial stability