CONWAY & CO GARDEN SOLUTIONS LTD
Executive Summary
CONWAY & CO GARDEN SOLUTIONS LTD is a newly formed micro-entity with limited financial disclosure showing a negative net current asset position. While the company is compliant with filings, its negative working capital and single director/shareholder structure present elevated solvency and governance risks. Further due diligence is required to evaluate operational viability and cash flow sufficiency.
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This analysis is opinion only and should not be interpreted as financial advice.
CONWAY & CO GARDEN SOLUTIONS LTD - Analysis Report
Risk Rating: HIGH
The company shows negative net current assets and net liabilities of £56 as at 31 July 2024, indicating potential solvency concerns. The business is newly incorporated (July 2023) with minimal financial history and very limited assets.Key Concerns:
- Negative net current assets (£-56) suggest the company’s current liabilities exceed its current assets, raising liquidity risk.
- Very limited financial data due to micro-entity status and short operating history makes assessment of operational sustainability difficult.
- Single director and 100% shareholder concentration increases governance risk and dependency on one individual.
- Positive Indicators:
- The company is compliant with filing deadlines; no overdue accounts or confirmation statements.
- The director has acknowledged responsibilities and accounts have been prepared under relevant provisions.
- Micro-entity classification limits filing burdens but also indicates a small scale operation with limited complexity.
- Due Diligence Notes:
- Verify the nature and timing of current liabilities to assess immediate cash flow obligations.
- Investigate business model viability given minimal assets and staffing (1 employee).
- Confirm director’s background and capacity to manage and finance the business going forward.
- Review any related party transactions or external financing arrangements not captured in accounts.
- Monitor subsequent filings for signs of operational progress or worsening financial position.
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