Company Number: 13514493

Analysis Date: 2025-07-20 17:35 UTC

1. Credit Opinion: DECLINE
   Arminius Property Ltd exhibits significant financial weakness characterized by persistent negative net assets and shareholders’ funds deteriorating from -£810 to -£1,462 within two years. The company is unable to cover its current liabilities (£2,045) with its minimal cash reserves (£583), resulting in negative working capital. This financial profile indicates poor liquidity and a high risk of default on short-term obligations. Without evidence of substantial external funding or operational profitability, the company’s ability to service debt or meet commercial credit terms is highly doubtful.

2. Financial Strength:
   The balance sheet shows net liabilities and an erosion of equity since incorporation in 2021. Current liabilities have nearly doubled from £1,044 to £2,045 in the latest year, while current assets remain negligible. The absence of fixed assets and low cash balances undermine the company’s asset base and collateral availability. The negative retained earnings (P&L reserve) reflect accumulated losses or expenditures exceeding income, further weakening financial stability.

3. Cash Flow Assessment:
   Cash at bank is minimal (£583) and insufficient to cover short-term creditors (£2,045). Negative net current assets (-£1,462) suggest ongoing liquidity strain and working capital deficits. There is no indication of trade debtors or other current assets beyond cash which could improve liquidity. The company’s cash flow position is fragile, with limited buffer against operational or financial shocks.

4. Monitoring Points:

• Cash flow trends and ability to maintain positive liquidity
• Changes in current liabilities, especially accrued liabilities and other creditors
• Any capital injections or shareholder loans that could bolster equity and liquidity
• Profit and loss performance in subsequent filings to identify if losses continue or reverse
• Director’s management actions regarding cost control and debt restructuring