EXPAT NAVIGATOR LTD

Executive Summary

Expat Navigator Ltd shows a marked decline in financial health in its most recent year, with substantial net liabilities and negative working capital posing significant solvency and liquidity risks. While statutory filings are current and management stable, the lack of detailed financial reporting and deterioration in net assets warrant thorough further investigation before considering investment exposure.

EXPAT NAVIGATOR LTD - Analysis Report

Company Number: 13144771

Analysis Date: 2025-07-29 13:53 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency issues as of the latest financial year ending January 2025, with net liabilities of £17,559 and net current liabilities of £23,312. This deterioration from prior years signals an inability to meet short-term obligations and overall negative equity, which is a critical red flag.

2. Key Concerns:

• Solvency and Negative Net Assets: The company’s net assets have declined sharply from positive figures in prior years (£1,033 in 2024) to substantial negative net assets (£-17,559 in 2025), indicating accumulated losses or liabilities exceeding assets.
• Severe Liquidity Shortfall: Current liabilities (£24,104) greatly exceed current assets (£792), resulting in a negative working capital position. This suggests difficulties in meeting immediate creditor demands and ongoing cash flow challenges.
• Declining Fixed Assets and Absence of Profit & Loss Data: Fixed assets decreased from £9,013 to £5,753, and no profit and loss account was filed, limiting insight into operational performance and cash flow generation capacity. This raises concerns about the sustainability of business operations.

3. Positive Indicators:

• No Overdue Filings: Both annual accounts and confirmation statements are up to date, indicating compliance with statutory filing requirements.
• Stable Directorship and Ownership: The sole director and 75-100% shareholder, Mrs. Carilyn Quigley, has maintained consistent leadership since incorporation, providing continuity.
• Micro Entity Status: The company benefits from simplified reporting requirements, reducing administrative burden and costs.

4. Due Diligence Notes:

• Investigate the reasons behind the sharp deterioration in net assets and working capital in the latest financial year, including any significant liabilities or write-downs.
• Request detailed profit and loss statements or management accounts to assess operational cash flows, revenue trends, and expense drivers not available in the micro entity filing.
• Clarify any contingent liabilities or off-balance sheet obligations that may exacerbate financial risk.
• Review the company’s business model and plans to restore solvency and liquidity, including capital injections or debt restructuring.
• Confirm the director’s assessment on going concern status and any related party transactions that may impact financial stability.