AS PROPERTY SPACE LIMITED

Executive Summary

AS Property Space Limited exhibits signs of financial distress characterized by negative net current assets and shareholders' funds, indicating poor liquidity and solvency. The company operates with minimal assets and no employees, consistent with a dormant status, and requires immediate capital injection and operational review to improve financial health and viability.

AS PROPERTY SPACE LIMITED - Analysis Report

Company Number: 13121485

Analysis Date: 2025-07-20 12:12 UTC

Financial Health Assessment for AS PROPERTY SPACE LIMITED

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1. Financial Health Score: D

Explanation:
AS Property Space Limited shows persistent negative net current assets and shareholders' funds over multiple years, indicating ongoing financial distress. The company’s liabilities exceed its current assets by a significant margin, reflecting poor liquidity and solvency issues. The absence of employees and minimal assets suggest limited operational activity. This financial profile aligns with a company struggling to maintain a healthy financial condition, meriting a "D" grade.

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2. Key Vital Signs

Vital Sign	Latest Value (2024)	Interpretation
Current Assets	£44	Extremely low current assets, indicating very limited short-term resources available.
Current Liabilities	£613	Fixed short-term obligations that exceed assets, a sign of liquidity strain.
Net Current Assets	-£569	Negative working capital, a symptom of cash flow distress and inability to cover debts.
Shareholders’ Funds	-£569	Negative equity position, indicating accumulated losses or undercapitalization.
Employees	0	No staff, possibly indicating minimal or no active business operations.
Account Category	Micro	Smallest filing requirements, limiting detailed financial disclosure.
Company Status	Active	Still operating legally but financials suggest operational challenges.
Industry SIC Code	99999 (Dormant)	Registered as dormant, consistent with financial inactivity.

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3. Diagnosis

Underlying Business Health:

• Liquidity Crisis: The company’s current liabilities far exceed its current assets, a classic symptom of liquidity distress. It lacks the immediate cash or receivables to meet short-term debts, risking default if obligations come due imminently.

• Solvency Concerns: Negative shareholders' funds indicate that the company’s total liabilities surpass its assets, suggesting insolvency on a balance sheet basis. This is a serious warning sign akin to an unhealthy vital organ failing.

• Operational Inactivity: No employees and a SIC code denoting dormancy point to minimal or no active trading. This may reflect a company in a dormant state or in the early stages of development without revenue generation.

• Lack of Capital Injection: Share capital remains nominal (£100), and no evidence of recent equity infusion to cover losses or improve the balance sheet.

• Risk of Going Concern: Persistent negative net assets and working capital deficits pose risks to the company’s viability unless offset by external financing or a turnaround in operations.

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4. Recommendations

To improve the financial wellness and avoid further deterioration, the company should consider the following:

1. Capital Injection: Infuse additional equity or secure shareholder loans to strengthen the balance sheet and restore positive net assets. This is analogous to administering a vital nutrient to revive a weakened patient.

2. Cost Management: Maintain minimal operational costs, especially since there are no employees, to preserve cash reserves.

3. Operational Review: Clarify the business model and assess potential for reactivation or restructuring. If the company is dormant intentionally, ensure compliance with regulations and consider formal dormancy filing status.

4. Debt Restructuring: Negotiate with creditors to extend payment terms or reduce liabilities to ease liquidity pressures.

5. Financial Monitoring: Implement rigorous cash flow forecasting and monthly financial reviews to detect early symptoms of distress and act proactively.

6. Professional Advice: Engage with financial advisors or insolvency practitioners to explore turnaround options or formal restructuring if needed.

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