AS FIBRE LTD

Executive Summary

AS Fibre Ltd is a newly established company in the utility construction sector with a weak liquidity position and no operational revenues or employees reported to date. While regulatory compliance and fixed asset ownership are positive, the significant short-term cash shortfall and outstanding creditor obligations present a high solvency risk. Further due diligence on business viability, funding, and debt structure is recommended before considering investment.

AS FIBRE LTD - Analysis Report

Company Number: 15112295

Analysis Date: 2025-07-29 20:32 UTC

1. Risk Rating: HIGH

Justification: AS Fibre Ltd is a very newly incorporated private limited company (incorporated September 2023) with its first financial statements covering just over one year. The company shows a very weak liquidity position with only £211 cash against £5,000 current liabilities and negative net current assets of £4,789. It also carries £10,000 in longer-term creditors. The modest net assets of £5,701 are almost entirely represented by fixed assets (plant and machinery), which may not be easily liquidated to cover liabilities. There is no recorded turnover or employees, indicating limited operational activity to generate cash flow. This scenario suggests significant risk that the company may struggle to meet short-term obligations.

2. Key Concerns:

• Liquidity Shortfall: Cash on hand (£211) is negligible compared to current liabilities (£5,000), resulting in negative working capital. This is a red flag for short-term solvency and cash flow management.
• Lack of Operational Revenues or Employees: The company reports zero employees and no indication of revenue in the accounts, which calls into question the sustainability and scale of business operations.
• Significant Debt Burden: £10,000 of creditors due after more than one year adds to financial obligations, and coupled with weak liquidity this may pressure solvency.

3. Positive Indicators:

• Compliance and Timely Filings: The company has filed its first accounts and confirmation statement on time with no overdue filings, indicating good governance and regulatory compliance.
• Clear Ownership and Control: The sole director and 75-100% shareholder control by Alexander Craig Sumner provides clear accountability.
• Tangible Fixed Assets: The company holds tangible fixed assets valued at £20,490 net, representing some invested capital in plant and machinery that could potentially support operational activity or be leveraged.

4. Due Diligence Notes:

• Business Model and Revenue Generation: Investigate the company’s business plan, contracts, or pipeline to understand how it plans to generate revenue and improve liquidity.
• Debt Terms and Creditor Relationships: Clarify the nature, terms, and maturity of current and long-term liabilities to assess financial flexibility and risk exposure.
• Director Background and Financial Support: Review the background of Mr. Sumner, including source of funding and capacity to inject further capital if needed.
• Cash Flow Projections: Obtain management accounts or cash flow forecasts to assess short-term liquidity prospects and operational ramp-up.
• Asset Valuation and Liquidity: Confirm the realizable value of fixed assets and potential for sale or refinancing.