BOYD & MACLEOD PROPERTIES LIMITED

Executive Summary

Boyd & Macleod Properties Limited is a start-up micro-entity with minimal financial history and a highly leveraged balance sheet showing only £2 in equity against £260,000 in long-term liabilities. The company lacks operating cash flow and has limited liquidity, posing significant credit risk. Credit facilities are not recommended at this stage without material strengthening of financial position and proven trading performance.

BOYD & MACLEOD PROPERTIES LIMITED - Analysis Report

Company Number: SC778247

Analysis Date: 2025-07-20 12:49 UTC

1. Credit Opinion: DECLINE
   Boyd & Macleod Properties Limited is a newly incorporated micro-entity (established August 2023) with minimal operating history and limited financial data. The latest accounts show net assets of only £2, with a significant creditor balance of £260,000 due after more than one year. Current assets are very low (£9,094), and net current assets equal current assets, indicating no current liabilities but also very limited liquidity. The company’s financial structure is heavily leveraged against fixed assets, and the minimal equity base raises concerns about financial resilience and ability to service debt. No turnover or profit information is available, and no employees are reported. Given these factors and the early stage of the business, the company currently lacks the financial strength and track record to support credit facilities.

2. Financial Strength:

• Fixed assets: £250,908 (likely property or similar)
• Current assets: £9,094 (cash/debtors)
• Creditors > 1 year: £260,000 (long-term debt or loans)
• Net assets: £2 (shareholder equity)
  The balance sheet shows the company is highly leveraged, with liabilities nearly equal to total assets. The negligible net asset value suggests thin capitalization. The lack of retained earnings or reserves indicates no accumulated profits. The micro-entity status limits disclosure but the data reflects a fragile financial footing.

3. Cash Flow Assessment:

• Current assets are minimal and mostly likely cash or receivables.
• No current liabilities reported, so working capital is positive but very small at £9,094.
• Lack of employees and no reported turnover implies negligible operating cash flow so far.
• High long-term creditors without clear repayment schedule pose future liquidity risk.
  Overall, the company’s liquidity position is weak, with limited available cash resources and uncertain ability to generate operating cash flow to meet debt obligations.

4. Monitoring Points:

• Track turnover and profitability as operating history develops.
• Monitor changes in net assets and equity funding to improve capitalization.
• Review repayment terms and servicing capacity for the £260k long-term creditors.
• Watch for any director or shareholder changes that could impact governance or control.
• Ensure timely filing of accounts and confirmation statements as the company grows.