BPH 91 LTD

Executive Summary

BPH 91 LTD exhibits signs of liquidity pressure due to negative net current assets and low cash balances, despite maintaining compliance with filing requirements and holding tangible assets. The company's operational sustainability warrants closer examination through detailed profit and loss data and creditor terms. Overall, careful monitoring and further financial analysis are recommended to assess the risk of solvency challenges.

BPH 91 LTD - Analysis Report

Company Number: 13478394

Analysis Date: 2025-07-29 16:50 UTC

1. Risk Rating: MEDIUM
   The company shows modest net assets but persistent negative net current assets indicating potential liquidity stress. The absence of overdue filings and the company's active status mitigate immediate regulatory concerns.

2. Key Concerns:

• Negative Working Capital: The company has net current liabilities of £3,369 (2024) and previously larger deficits, suggesting current liabilities exceed short-term assets, which may impair its ability to meet short-term obligations.
• Low Cash Reserves: Cash on hand is notably low (£2,190 in 2024), which may not be sufficient for operational needs or unexpected expenses.
• Declining Net Assets: Net assets fell from £48,363 in 2023 to £37,431 in 2024, reflecting an erosion of equity possibly due to operational losses or asset depreciation.

3. Positive Indicators:

• No Overdue Filings: The latest accounts and confirmation statements are filed on time, suggesting good compliance and governance practices.
• Sole Director and PSC Alignment: Mr. Ben Hill controls 75-100% of shares and is the sole director, which simplifies decision-making and may ensure focused management.
• Tangible Fixed Assets: The company holds tangible assets (motor vehicles) with a net book value of £40,800, which may provide collateral or operational capacity.

4. Due Diligence Notes:

• Cash Flow Analysis: Detailed review of cash flow statements and bank statements to assess liquidity beyond the snapshot provided by cash balances.
• Profit and Loss Account: As the profit and loss account is not publicly filed, obtaining detailed income and expense data is critical to understanding profitability and sustainability.
• Creditors Composition: Investigate the nature and terms of current liabilities, especially tax and social security costs, to assess payment risks and potential liabilities.
• Asset Valuation: Confirm the valuation and usability of tangible fixed assets, considering depreciation trends and potential impairments.
• Director Background: While no disqualifications are noted, a background check on Mr. Ben Hill for any adverse regulatory or legal issues is advisable.