Company Number: 13122446

Analysis Date: 2025-07-20 11:25 UTC

1. Risk Rating: MEDIUM

Justification: BOXFORD PROPERTIES LTD is a micro-entity with limited financial disclosures and a small equity base (£3,581 net assets as of Jan 2024). The company holds significant fixed assets (£240,000) presumably property, but current liabilities (provisions for liabilities) are substantial (~£243,000+), indicating a high gearing level. While there is no overdue filing or liquidation status, the relatively low net assets against large liabilities suggest moderate solvency risk.

2. Key Concerns:

• High Provisions for Liabilities: The company shows provisions around £243,000 against net assets of only £3,581, indicating potential obligations or contingent liabilities that could pressure solvency.
• Low Equity and Share Capital: With a £1 share capital and minimal reserves, the company has limited financial buffer to absorb losses or unexpected expenses.
• No Employees and Micro-entity Status: The absence of employees and the micro-entity classification may signal a small-scale operation, possibly limiting operational resilience and cash flow generation.

3. Positive Indicators:

• Consistent Fixed Assets Base: The fixed assets increased from £135,000 in 2021 to £240,000 in 2022 and remain stable, suggesting investment in property assets which aligns with the company’s SIC codes for real estate.
• Timely Filing and Compliance: Accounts and confirmation statements are up to date with no overdue filings, indicating good regulatory compliance.
• Operating in Real Estate Sector: The company’s business activities in buying, selling, and letting real estate can generate steady rental income streams if properties are tenanted.

4. Due Diligence Notes:

• Detailed Review of Provisions for Liabilities: Understand the nature of these provisions—are they related to debt, legal claims, or deferred payments? Assess potential impact on liquidity.
• Cash Flow and Income Generation: Examine rental income, lease agreements, and operational cash flows to evaluate sustainability.
• Director Background and Related Party Transactions: Investigate the director’s history and any transactions with related parties, given the sole director structure.
• Asset Valuation: Confirm the valuation and marketability of fixed assets (properties) to assess collateral value.
• Creditors and Debt Terms: Clarify creditors’ identities and repayment terms to gauge short-term liquidity risk.