CANNING O'NEILL HOLDINGS LIMITED

Executive Summary

Canning O'Neill Holdings Limited demonstrates a solid equity position supported by significant investments but faces short-term liquidity challenges evidenced by negative net current assets. The absence of operational data and employees limits assessment of business sustainability. Overall, the company poses a medium risk requiring further financial and operational due diligence to clarify cash flow and creditor arrangements.

CANNING O'NEILL HOLDINGS LIMITED - Analysis Report

Company Number: 14062287

Analysis Date: 2025-07-29 13:07 UTC

1. Risk Rating: MEDIUM
   While Canning O'Neill Holdings Limited shows positive net assets and shareholder funds, the company exhibits liquidity concerns due to significant current liabilities exceeding current assets. Its solvency appears supported by strong fixed asset investments, but short-term cash flow risks are evident. The company is relatively new with limited operating history, adding to the medium risk profile.

2. Key Concerns:

• Negative net current assets: Current liabilities (£316,667) substantially exceed current assets (cash £21,990), resulting in net current liabilities of approximately £79,582, indicating potential short-term liquidity pressure.
• Significant long-term liabilities: Creditors due after one year stand at £316,667, a sizeable obligation relative to equity, which could impact financial flexibility.
• Limited operational data: The company has no employees and does not disclose income statement information, making it difficult to assess operational performance and sustainability.

3. Positive Indicators:

• Solid net assets and shareholder funds: Net assets of £490,593 and shareholder funds of the same amount reflect a strong equity base primarily derived from investment in subsidiaries (£886,842).
• Compliance with filing requirements: The company is up to date with its accounts and confirmation statement filings, indicating good governance and regulatory compliance.
• Experienced directors with significant control: Both directors hold substantial shareholdings and voting rights, suggesting aligned management interests and control stability.

4. Due Diligence Notes:

• Investigate the nature and repayment terms of the long-term creditors (£316,667) to assess refinancing or repayment risks.
• Obtain or review management accounts or income statements to understand cash flow generation, revenue sources, and operational viability, given the absence of employees and minimal cash holdings.
• Confirm the subsidiary investments’ valuation and performance, as these constitute the majority of the company’s assets.
• Verify any contingent liabilities or off-balance sheet commitments not disclosed in the financial statements.
• Review director conduct records for any adverse history, although none is indicated in the available data.