Company Number: 12814054

Analysis Date: 2025-07-19 12:23 UTC

1. Credit Opinion: DECLINE
   Alam Properties Holding Ltd exhibits persistent negative net assets and net current liabilities over the past five years, indicating ongoing balance sheet weakness and potential solvency concerns. The company is a micro entity with limited equity (£100 share capital) and has not demonstrated profitability or a positive equity turnaround. Current liabilities consistently exceed current assets, reflecting working capital deficits that impair its ability to meet short-term obligations promptly. Without significant improvement in financial position or external support, the risk of default on credit facilities is elevated.

2. Financial Strength:
   The company's balance sheet shows deteriorated net assets from -£708 in 2020 to -£2,963 in 2024. Net current assets remain negative each year, though slightly improved in 2024 (-£1,690) compared to previous years. Total current liabilities exceed current assets, indicating liquidity strain. There are no fixed assets reported, implying limited collateral value. The absence of shareholders’ equity and accumulated losses suggest inadequate capitalisation to support business operations or absorb losses.

3. Cash Flow Assessment:
   While detailed cash flow statements are not provided, the recurring net current liability position signals tight liquidity and insufficient working capital. This poses a challenge for the company to cover operational expenses and debt service without external financing or capital injection. The lack of employees and presumably minimal operational scale may reduce cash burn, but the company remains vulnerable to cash flow disruptions.

4. Monitoring Points:

• Track quarterly cash flow and working capital trends to assess liquidity improvements or further deterioration.
• Monitor creditor payment patterns for any late payments or defaults.
• Review any capital injections or restructuring efforts by the director/shareholders.
• Watch for changes in business activity or asset acquisitions that could affect solvency.
• Confirm timely filing of accounts and returns to ensure ongoing regulatory compliance.