CHAMELEON PROPERTY MANAGEMENT LTD

Executive Summary

Chameleon Property Management Ltd shows a weakening financial position with declining net assets and negative working capital in the latest year. Despite substantial fixed assets, the company’s liquidity and cash flow capacity appear constrained, exposing it to refinancing risk. Credit approval is conditional on close monitoring of cash flow and debt servicing ability, with a preference for secured credit facilities if extended.

CHAMELEON PROPERTY MANAGEMENT LTD - Analysis Report

Company Number: 13200360

Analysis Date: 2025-07-20 18:36 UTC

1. Credit Opinion: CONDITIONAL APPROVAL. Chameleon Property Management Ltd is a micro private limited company primarily engaged in property letting and trading. It has been active since 2021 and shows ownership concentration with Mrs Zoe Louise Wilson controlling 75-100%. The company’s net assets have declined notably from £577,951 in 2023 to £383,124 in 2024, indicating a weakening equity base. Significant long-term liabilities (~£418k) and a negative net current asset position in 2024 suggest potential liquidity pressures. Absence of employees and minimal current assets raise concerns about operational cash flow. While the company owns substantial fixed assets, ongoing debt servicing ability depends on rental income or asset sale proceeds not directly evidenced here. Conditional credit terms with close monitoring and possible collateral may be warranted.

2. Financial Strength: The balance sheet shows fixed assets decreasing from £1,000,495 in 2023 to £833,495 in 2024, implying asset disposals or impairments. Current assets increased slightly to £4,639 but remain minimal relative to significant current liabilities (creditors within one year) and long-term creditors totaling £418,276. The net current liabilities of £32,095 in 2024 contrast with positive net current assets in prior years, indicating deteriorating short-term solvency. Net assets have dropped by approximately 34% year-on-year, weakening shareholder funds. The capital structure appears leveraged with long-term creditors representing over half the net assets. Overall, financial strength is moderate but declining, with exposure to refinancing or liquidity risk.

3. Cash Flow Assessment: Current assets and cash balances are negligible (£4,639 total current assets in 2024), while current liabilities are substantial (£36,734). The working capital position has turned negative from a previous positive £724, implying potential challenges in meeting short-term obligations from operational cash flows. No trade debtors or employees are recorded, suggesting limited ongoing operational cash inflows or outflows. The company likely relies heavily on rental income or financing for liquidity, but the accounts do not disclose cash flow statements or income details. The sizeable long-term liabilities require servicing, which could strain cash resources given the limited liquid assets. Cash flow risk is a key concern.

4. Monitoring Points:

• Monitor changes in fixed asset values and any disposals or impairments.
• Track current and long-term liabilities levels and repayment schedules.
• Watch working capital trends, especially if current liabilities continue to exceed current assets.
• Review confirmation of rental income streams or other operational cash inflows.
• Ensure timely filing of statutory accounts and confirmation statements remains consistent.
• Assess any changes in ownership or director appointments that may impact governance.
• Observe any indications of financial distress such as late payments or defaults.