Company Number: 14602574

Analysis Date: 2025-07-20 17:16 UTC

1. Credit Opinion: DECLINE

EXH Property Group Limited is a newly incorporated micro-entity (incorporated in January 2023) with limited financial history. The latest accounts as of December 31, 2023, reveal net current liabilities of £400 and negative shareholders’ funds of the same amount, indicating a very weak balance sheet. The absence of profit and loss details and minimal financial information restricts visibility into operational performance and cash generation. The company employs only two persons (including directors), showing very limited scale. Given the negative equity, minimal asset base, and lack of demonstrated profitability or cash flow, the company currently lacks the financial strength and resilience to service debt or absorb economic shocks. Without further financial data or external guarantees, extending credit is not advisable.

2. Financial Strength:

The balance sheet shows net current liabilities of £400 and shareholders’ funds at -£400, reflecting that liabilities slightly exceed assets. There are no fixed assets disclosed, and no information on cash or receivables. The negative equity position suggests the company may have incurred initial start-up costs or losses. As a micro-entity, it benefits from simplified reporting but this limits the depth of insight. The financial position is fragile, with no buffer to support trading volatility or unforeseen expenses.

3. Cash Flow Assessment:

The absence of a profit and loss account or cash flow statement prevents a thorough cash flow analysis. However, the net current liability position and negative equity imply working capital deficits. This indicates potential liquidity constraints, raising concerns over the company’s ability to meet short-term obligations. The minimal scale and short trading history further increase uncertainty around cash inflows and operational cash generation.

4. Monitoring Points:

• Monitor future filed accounts for improvement in net assets and positive working capital.
• Track profitability and cash flow generation once profit and loss accounts are available.
• Assess any changes in director/shareholder structure or capital injections.
• Watch for timely submission of annual returns and accounts as a sign of good governance.
• Monitor any external financing arrangements or guarantees that may strengthen creditworthiness.