ENGINEERED COMPOSITES HOLDINGS LIMITED

Executive Summary

Engineered Composites Holdings Limited exhibits significant solvency and liquidity risks due to persistent negative working capital and net liabilities, largely funded through intercompany loans. While statutory compliance and fixed asset holdings are positive factors, the company’s financial stability is precarious and warrants thorough due diligence on asset quality and funding arrangements. The directors have acknowledged material uncertainties about the company’s going concern status, underscoring the need for careful monitoring.