ASTON PROPERTY LETTINGS LTD

Executive Summary

Aston Property Lettings Ltd shows solid asset backing and positive equity growth, but its financial structure features significant long-term liabilities that may pose refinancing and liquidity challenges. The lack of available profitability data and recent director changes warrant further investigation to fully assess operational sustainability and governance. Overall, the company presents a medium risk profile pending deeper financial and management review.

ASTON PROPERTY LETTINGS LTD - Analysis Report

Company Number: 12882759

Analysis Date: 2025-07-29 20:24 UTC

1. Risk Rating: MEDIUM
   The company holds substantial fixed assets and positive net assets, indicating underlying value. However, the very large long-term liabilities relative to current assets and relatively modest cash reserves suggest moderate solvency risk. The absence of employees and limited operational history also add uncertainty to operational stability.

2. Key Concerns:

• Very high long-term creditors (£5.3m) compared to current assets (£575k) and cash (£531k), which raises questions about debt servicing capacity and refinancing risk.
• Absence of income statement information and no employees reported, making it difficult to assess profitability and operational cash flows.
• Recent director turnover (appointment and resignation within 2024) could indicate governance or management instability.

3. Positive Indicators:

• Net assets and shareholders’ funds have increased steadily over the last few years, indicating some retained earnings or asset appreciation.
• Tangible fixed assets (land and buildings) valued at over £8m provide strong collateral backing.
• All statutory filings (accounts and confirmation statement) are up to date without overdue filings or penalties.

4. Due Diligence Notes:

• Review the terms, covenants, and maturity profile of the £5.3m long-term creditor balance to understand refinancing risk and repayment obligations.
• Obtain and analyze income statements and cash flow reports to assess profitability and liquidity trends, as these are not included in the filings.
• Investigate reasons for recent director resignation and appointment to ensure stable and competent management.
• Confirm if the company has any contingent liabilities or off-balance sheet obligations not disclosed.
• Understand the operational model given the lack of employees and whether management is outsourced or if the company is effectively a property holding entity.