ASSURED PROPERTY GROUP LTD

Executive Summary

Assured Property Group Ltd exhibits a weak financial position with negative equity and deteriorating liquidity, undermining its ability to service debt or extend credit. The company’s balance sheet shows increasing reliance on creditor funding, creating a high credit risk profile. Given these factors, credit facilities are not recommended at this time without significant financial improvement.

ASSURED PROPERTY GROUP LTD - Analysis Report

Company Number: SC733179

Analysis Date: 2025-07-29 15:49 UTC

1. Credit Opinion: DECLINE
   Assured Property Group Ltd demonstrates significant financial distress at the latest year-end. The company shows net liabilities (£5,353 negative shareholders' funds) with current liabilities far exceeding current assets, resulting in a substantial working capital deficit (-£47,656). The sharp increase in long-term creditors (£104,040 from £54,315) further pressures solvency. This raises serious concerns about the company’s ability to meet short-term obligations and service any additional credit facilities without external support or equity injection.

2. Financial Strength:
   The balance sheet reflects a weakening financial position over the three years analyzed. While fixed assets have increased to £146,823, this has been funded largely by increased liabilities rather than equity. The negative net assets position indicates accumulated losses or possibly shareholder withdrawals exceeding retained earnings. The micro-entity status limits available financial data, but the negative shareholders’ funds and increasing creditor balances signify poor financial health and limited buffer against adverse conditions.

3. Cash Flow Assessment:
   Working capital is highly negative and deteriorating (from -£25,255 to -£47,656), highlighting liquidity constraints. Current assets are minimal (£491), primarily cash or receivables, insufficient to cover short-term debts. The lack of audit and limited disclosures on profit and loss restrict detailed cash flow analysis, but the balance sheet structure strongly suggests cash flow strain. The company’s single-employee model and micro status imply a small operational scale, increasing dependence on creditor financing or timely cash injections.

4. Monitoring Points:

• Track changes in creditors, especially amounts due after one year, to assess the sustainability of debt structure.
• Monitor net current assets for improvement as a liquidity indicator.
• Review any forthcoming financial statements or management actions targeting solvency, such as equity funding or debt restructuring.
• Watch for any delay in statutory filings or signs of director distress, given the company’s fragile financial position.