Company Number: 12598832

Analysis Date: 2025-07-20 16:19 UTC

1. Credit Opinion: DECLINE
   The company's financials indicate significant weakness in liquidity and net assets. As of 31 May 2024, AISHA PROPERTIES LIMITED shows a net current liability position of £71,216 and a net negative asset base of £58,466. This negative equity position has deteriorated from the prior year, evidencing worsening financial health. The micro-entity balance sheet shows the company’s liabilities exceed assets, raising concerns about its ability to meet short-term obligations and service any new or existing credit facilities.

2. Financial Strength:
   The company’s balance sheet is concerning. Fixed assets have decreased substantially from £63,625 in 2023 to £12,750 in 2024, suggesting possible asset disposals or impairments. Current assets have increased modestly to £27,003 but remain far below current liabilities of £98,219. The company’s net liabilities position of £58,466 indicates insolvency on a balance sheet basis. Shareholders’ funds have turned negative and deteriorated from -£20,755 in 2023 to -£58,466 in 2024, reflecting accumulated losses or write-downs. The absence of employees and minimal share capital (£1.00) further highlight a small, fragile enterprise.

3. Cash Flow Assessment:
   Limited information on cash flow is available, but the large current liabilities relative to current assets indicate strained liquidity. The negative net current assets position suggests the company may struggle to pay debts as they fall due without external support or capital injections. The lack of employees implies minimal operational cash burn, but also minimal income-generating activity. The company operates in buying and selling own real estate (SIC 68100), a sector often requiring substantial working capital; current figures do not reflect adequate liquidity to sustain such operations.

4. Monitoring Points:

• Quarterly updates on current liabilities and liquidity position to detect any further deterioration.
• Any capital injections or shareholder loans that may improve net asset position.
• Directors’ plans to restore profitability or restructure liabilities.
• Timely filing of accounts and confirmation statements to ensure regulatory compliance.
• Market conditions affecting property valuations and sales activity, as these impact asset values and cash flow.
• Director conduct and any changes in key management roles.