Company Number: 13517608

Analysis Date: 2025-07-20 13:19 UTC

1. Risk Rating: HIGH
   Camben One Limited demonstrates significant solvency and liquidity risks. The company’s net current liabilities have increased substantially from approximately £187k in 2023 to £467k in 2024, indicating a worsening working capital deficit. Shareholders’ funds are deeply negative and have more than doubled their deficit over the same period, signaling a deteriorating equity position and potential insolvency concerns.

2. Key Concerns:

• Severe Negative Net Current Assets: The company’s current liabilities exceed current assets by a wide margin, which questions its ability to meet short-term obligations as they fall due.
• Increasing Shareholders’ Deficit: The negative equity position has expanded from about £183k to £463k, reflecting accumulated losses or funding gaps that have not been covered.
• Reliance on Debtors and Low Cash Balances: Cash reserves have diminished significantly (from £16.7k to £4.2k), while a large proportion of current assets are tied up in debtors, which may not be readily collectible, putting further strain on liquidity.

3. Positive Indicators:

• No Overdue Filings: The company is current on both accounts and confirmation statement filings, indicating compliance with statutory requirements.
• Stable Director and PSC Structure: The two directors and Persons with Significant Control have been consistent since incorporation, possibly reflecting stable governance.
• Industry Diversification: The company operates across several related SIC codes (exhibition/fair organizing, event catering, accommodation, hotels), which may provide multiple revenue streams.

4. Due Diligence Notes:

• Investigate the nature and collectability of debtor balances to assess liquidity realistically.
• Review the company’s cash flow forecasts and funding plans to understand how it intends to remedy the significant working capital deficit.
• Examine the causes behind the growing liabilities and negative retained earnings, including any operational losses or unusual transactions.
• Assess any contingent liabilities, guarantees, or off-balance sheet exposures that may further impact solvency.
• Confirm the operational status and trading activities given the large imbalance between current liabilities and assets.
• Evaluate directors’ plans for business sustainability or turnaround strategies.