ALEXANDERS PROPERTY LTD

Executive Summary

Alexanders Property Ltd is a newly incorporated micro-entity showing significant financial weakness with negative net assets and poor liquidity. The company currently lacks the financial strength or cash flow profile to support credit facilities. Credit extension is not advisable until there is evidence of improved financial performance or capitalization. Close monitoring of working capital and financial filings is essential to reassess creditworthiness.

ALEXANDERS PROPERTY LTD - Analysis Report

Company Number: 15089086

Analysis Date: 2025-07-29 21:01 UTC

1. Credit Opinion: DECLINE
   Alexanders Property Ltd shows significant financial distress based on the latest annual accounts. The company has net current liabilities of £127,527 and overall net liabilities of £43,440, indicating negative equity and an inability to cover short-term obligations from current assets. Being a micro-entity incorporated only in August 2023, it has yet to demonstrate operational cash flow or profitability. The absence of audit and limited financial history further restricts credit confidence. Without clear evidence of imminent capital injection or business turnaround, the risk of default is high. Therefore, extending credit facilities is not recommended at this stage.

2. Financial Strength:
   The balance sheet exhibits a weak financial position. Fixed assets stand at £84,087, but these are overshadowed by current liabilities of £128,181, resulting in a net current liability position of £127,527. The company’s shareholders’ funds are negative (£43,440), reflecting accumulated losses or undercapitalization. The small share capital (£100) also suggests limited buffer to absorb losses. Overall, the financial strength is poor, lacking sufficient equity or liquidity to support ongoing operations or debt servicing.

3. Cash Flow Assessment:
   Current assets of £654 (likely cash or equivalents) are grossly insufficient relative to current liabilities. The negative working capital indicates potential liquidity issues and difficulty in meeting short-term debts as they fall due. The company’s cash conversion cycle and operational cash flows are unknown, but the balance sheet implies strained liquidity. Without cash flow statements or profit and loss data, liquidity risk remains elevated. The company’s ability to generate or sustain positive cash flows should be closely monitored.

4. Monitoring Points:

• Improvement in net current assets and reduction of current liabilities.
• Capital injections or loans from shareholders to strengthen equity.
• Filing of profit and loss accounts and future cash flow statements to assess operational performance.
• Changes in business model or revenue generation in the property letting sector.
• Director actions regarding financial restructuring or cost control.