Company Number: 13030306

Analysis Date: 2025-07-20 13:20 UTC

1. Risk Rating: MEDIUM
   ANKA 1 PROPERTIES LIMITED shows growth in fixed assets and net assets over recent years, indicating some asset accumulation. However, the company consistently exhibits significant net current liabilities and a negative working capital position. This raises concerns about short-term liquidity and the company’s ability to meet immediate obligations without additional financing or asset liquidation.

2. Key Concerns:

• Liquidity Risk: The company’s current liabilities substantially exceed current assets (net current liabilities of £138,713 as of 2024), signaling potential cash flow constraints and difficulty in meeting short-term debts.
• High Long-Term Liabilities: Creditors falling due after more than one year stand at £268,806 in 2024, more than five times the shareholder funds, indicating reliance on external financing and potential solvency pressure if asset values decline or income falls.
• No Employees / Operational Scale: The company reports zero employees, which suggests a minimal operational footprint, likely relying on external management or the director alone. This may impact operational resilience and scalability.

3. Positive Indicators:

• Increasing Net Assets: Net assets increased from a negative balance in 2020 to £52,824 in 2024, reflecting improved equity and asset base.
• Fixed Assets Growth: Fixed assets more than doubled from £210,225 in 2023 to £460,343 in 2024, likely representing property investments that could generate rental income or capital appreciation.
• No Overdue Filings: Accounts and confirmation statements are up to date, indicating compliance with statutory obligations and good governance practices.

4. Due Diligence Notes:

• Review the nature and terms of the long-term liabilities to assess repayment schedules, interest costs, and covenants that could impact financial stability.
• Investigate cash flow statements and any off-balance-sheet liabilities to understand liquidity management and funding sources.
• Clarify business model and revenue streams given the absence of employees and the primary SIC code indicating property letting. Confirm rental income consistency and tenant stability.
• Confirm the director’s capacity and any related party transactions since the sole director and 100% shareholder is the same individual.