DORE PROPERTY GROUP LTD

Executive Summary

Dore Property Group Ltd exhibits weak financial strength, with negative equity and ongoing working capital deficits, mitigated somewhat by director funding. The company’s ability to service debt is conditional on continued director support and operational improvements. Credit approval is recommended with conditions focused on liquidity monitoring and management intervention.

DORE PROPERTY GROUP LTD - Analysis Report

Company Number: 14119705

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

1. Credit Opinion: CONDITIONAL APPROVAL
   Dore Property Group Ltd is a micro private limited company operating in real estate management and property dealing. The company’s negative shareholders’ funds and recurring net current liabilities indicate weak equity and working capital deficiencies, raising concerns about its ability to meet short-term obligations without additional support. However, given the directors’ significant financial advances (notably from Mrs Zoe Neill-Dore) and no overdue filings, there is evidence of management commitment and potential for stability. Credit approval should be conditional on monitoring liquidity improvements and possible director guarantees or capital injections.

2. Financial Strength:
   The balance sheet shows fixed assets valued at £130,000, which remain stable. However, current liabilities exceed current assets, resulting in net current liabilities of £1,977 as of May 2024, a significant improvement from prior year but still negative. The company carries long-term creditors of £132,500, which is substantial relative to total assets. Shareholders’ funds are negative at £9,899, reflecting accumulated losses or undercapitalization. Overall, the company’s financial strength is weak with low equity and reliance on director funding.

3. Cash Flow Assessment:
   Cash and current assets are minimal (£257), insufficient to cover current liabilities (£2,234). The company exhibits negative working capital but has improved from previous periods where net current liabilities were much higher. The directors have provided advances which have reduced short-term creditor balances, indicating reliance on director funding to maintain liquidity. Cash flow from operations is not disclosed but given the micro-entity status and limited employees (2), operating cash inflows may be limited. Liquidity risk remains elevated without further capital or cash inflows.

4. Monitoring Points:

• Working capital and liquidity ratios: watch for continued improvement in net current assets.
• Directors’ advances and any changes in funding arrangements.
• Timely filing of accounts and confirmation statements to maintain regulatory compliance.
• Profitability trends and any movements toward positive retained earnings.
• Changes in long-term creditor balances and potential refinancing risks.
• Management actions to strengthen equity base or improve operational cash flow.