DAVID C. POPE BRICKLAYERS LIMITED

Executive Summary

David C. Pope Bricklayers Limited is currently financially weak with persistent negative net assets and significant working capital deficits, raising concerns over its ability to meet short-term obligations. The company’s limited asset base and lack of profitability suggest a high credit risk profile. Approval of credit facilities is not recommended without substantial financial restructuring or capital support.

DAVID C. POPE BRICKLAYERS LIMITED - Analysis Report

Company Number: 12740072

Analysis Date: 2025-07-20 18:48 UTC

1. Credit Opinion: DECLINE
   David C. Pope Bricklayers Limited exhibits persistent negative equity with net liabilities worsening from -£3,879 in 2020 to -£16,497 in 2023. The company’s working capital position is consistently negative, with current liabilities significantly exceeding current assets each year, indicating liquidity stress. The business shows no evidence of profitability or capital injection to improve its financial base, and the micro-entity size limits transparency on profitability metrics. Given these financial weaknesses and the limited asset base, the company currently lacks the financial strength to reliably service debt or credit facilities without a significant turnaround or capital support.

2. Financial Strength:
   The balance sheet shows a declining fixed asset base (£28,283 in 2020 down to £20,328 in 2023) and a very low current asset base (£1,608 in 2023). Current liabilities are high (£31,117 in 2023), resulting in a net current liability (working capital deficit) of £29,379. Net liabilities of £16,497 reflect accumulated losses eroding shareholder equity. The company’s capital structure is weak, with share capital at only £1.00 and no evidence of recent equity injection. Overall, the balance sheet portrays a financially fragile company with limited buffer to absorb adverse trading conditions.

3. Cash Flow Assessment:
   The available data indicates tight liquidity with current assets insufficient to cover short-term obligations. The reduction in current assets and persistently high current liabilities suggest cash flow constraints. The company’s micro-entity filing regime omits detailed profit and loss or cash flow statements, but the balance sheet trends imply negative operating cash flows or working capital mismanagement. The small workforce and low asset base limit operational scale, further constraining cash generation capacity. Without improvement in cash inflows or external financing, the company risks default on creditor payments.

4. Monitoring Points:

• Quarterly monitoring of current assets and liabilities to detect worsening liquidity.
• Any changes in shareholder funds or capital injections that could stabilize equity.
• Trading performance updates to assess if losses are being stemmed.
• Director’s conduct and management changes that might impact governance or operational turnaround.
• Timely filing of accounts and confirmation statements to maintain regulatory compliance.