ANTARIS UK LIMITED

Executive Summary

Antaris UK Limited shows a strong asset base in investment properties but is in early operational stages with limited trading history and cash flow. The company depends heavily on parent company funding with significant intercompany debt outstanding. Credit facilities may be granted conditionally, subject to monitoring of cash flow development, property valuations, and debt servicing capability supported by the parent. Ongoing financial performance and liquidity should be closely tracked to mitigate risk.

ANTARIS UK LIMITED - Analysis Report

Company Number: 14721495

Analysis Date: 2025-07-20 18:35 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Antaris UK Limited is a newly incorporated private limited company operating in the real estate sector, specifically buying and selling its own investment properties. The company demonstrates a strong asset base primarily due to investment property valued at approximately £2.37 million. However, it has significant long-term intercompany borrowings (£1.14 million) from its parent company, repayable in 2028 with interest. The absence of trading history beyond its first 12-month period and no reported turnover or profits limits the assessment of its operational cash generation capacity. The directors rely on parent company support for going concern. Therefore, credit approval is recommended with conditions: ongoing monitoring of trading performance, cash flow generation, and repayment ability, plus confirmation of support from the parent company for debt servicing.

2. Financial Strength:

• Fixed assets (investment property and tangible assets) total £2.38 million, providing substantial collateral value.
• Net current assets are positive at £33.9k with cash balances of £30k, indicating minimal short-term liquidity buffer.
• Net assets stand at roughly £1.27 million, supported by shareholder funds of £1.32 million.
• The company carries a sizeable long-term liability (£1.14 million) owed to the parent, with interest accruals noted.
• No external or bank debt is reported, and trade creditors are low (£3.2k), indicating limited external financial obligations.

3. Cash Flow Assessment:

• Current assets are modest (£65.5k) with cash at bank of £30.4k.
• Current liabilities of £31.6k are covered by current assets, resulting in a small positive working capital position.
• No employees and limited operating costs imply low overheads.
• Reliance on intercompany loans and parent company support suggests operational cash flows are not yet established or sufficient to cover obligations independently.
• Interest expense on the loan (£32.8k) requires cash generation or parent funding to meet.

4. Monitoring Points:

• Trading and rental income generation to establish sustainable operating cash flow.
• Changes in investment property valuation, especially since valuations are director-led and unaudited.
• Repayment schedule adherence and interest servicing on intercompany loan.
• Cash flow trends, especially liquidity ratios and working capital management.
• Any changes in ownership, director conduct, or credit terms that could affect financial stability.