Company Number: 13748314

Analysis Date: 2025-07-29 12:56 UTC

1. Risk Rating: HIGH

Justification: The company exhibits significant liquidity stress with current liabilities vastly exceeding current assets, resulting in large net current liabilities. Although net assets have improved slightly, they remain very low relative to fixed assets and total liabilities. This raises concerns about the company’s ability to meet short-term obligations and sustain operations without additional funding.

2. Key Concerns:

• Liquidity risk: Current liabilities (£805,006) far exceed current assets (£34,054) as of the latest accounts, indicating potential cash flow difficulties.
• Negative working capital: The company consistently reports large net current liabilities, which could impair operational continuity if not addressed.
• Limited transparency: Accounts are unaudited, prepared under micro-entity provisions, and exclude the profit and loss statement, restricting comprehensive financial assessment.

3. Positive Indicators:

• Ownership and control are clearly defined with a single controlling party (Henry Venners Limited/Mr Henry Venners), which may facilitate decisive governance.
• The fixed asset base (~£794k) suggests the company holds substantial long-term assets, likely property given the SIC code for real estate letting.
• The company is current on all filing deadlines, indicating compliance with statutory requirements.

4. Due Diligence Notes:

• Investigate the nature and liquidity of fixed assets to assess their potential to be realized quickly if needed to cover liabilities.
• Obtain or request management accounts or cash flow forecasts to better understand operational cash flows and funding strategy.
• Clarify the absence of profit and loss information and seek supplementary financial data to evaluate profitability and operational performance.
• Review any related party transactions or loans from controlling parties that may underpin liquidity.
• Confirm whether the company has any contingent liabilities or overdue payments not reflected in the filed accounts.