ASEES HOMES LTD

Executive Summary

Asees Homes Ltd exhibits weak financial health with a negative net asset position and working capital deficit, undermining its ability to service debt. The company’s micro-entity status and minimal equity further limit creditworthiness. Given these factors and management instability, credit facilities are not recommended at this time.

ASEES HOMES LTD - Analysis Report

Company Number: 13008479

Analysis Date: 2025-07-20 13:02 UTC

Credit Opinion:
DECLINE. Asees Homes Ltd shows persistent working capital deficits and negative net assets in the most recent financial year (2023). The company’s net current liabilities position and negative shareholders’ funds indicate weak financial health and limited buffer to absorb shocks or support lending. The micro-entity classification and absence of fixed assets or significant equity restrict the company’s capacity to service debt or sustain business operations without additional capital injections. The frequent changes in directors and reduction in employees to zero also raise concerns about operational stability and management continuity.

Financial Strength:
The company’s balance sheet deteriorated from a small positive net asset position of £222 in 2022 to a negative £552 in 2023. Fixed assets were reported only in the initial year (2020) and have since disappeared, suggesting asset disposals or write-offs. The current liabilities slightly exceed current assets, yielding negative working capital. Share capital is minimal (£12), showing very limited equity backing. Overall, the balance sheet reflects a fragile financial structure with no substantive net worth.

Cash Flow Assessment:
With net current liabilities and no reported employees, the working capital position is weak, implying tight liquidity. The company’s ability to generate operational cash flow appears limited, and the lack of fixed assets or reserves suggests dependency on external funding or shareholder support. No audit or detailed cash flow statement is available, but the micro-entity status and negative net asset base point to constrained cash resources.

Monitoring Points:

• Monitor quarterly or interim financials for improvements in working capital and net assets.
• Track director stability and management changes as indicators of governance quality.
• Assess any new capital injections or loans that might improve liquidity.
• Watch for any overdue filings or signs of operational inactivity.
• Observe sector conditions in real estate letting and trading for external risks.