FC 70OS LIMITED

Executive Summary

FC 70OS Limited is currently in a financially vulnerable position with net liabilities and significant long-term debt exceeding asset values. The company relies heavily on director funding and exhibits liquidity constraints despite stable fixed assets and compliance with filing requirements. Further scrutiny of debt terms, cash flows, and asset valuations is recommended to fully assess operational viability and risk exposure.

FC 70OS LIMITED - Analysis Report

Company Number: 13279477

Analysis Date: 2025-07-29 15:49 UTC

1. Risk Rating: HIGH
   The company shows persistent net liabilities with shareholders’ funds negative and current liabilities significantly exceeding current assets. Dependence on director’s financial support and substantial long-term liabilities heighten solvency and liquidity risks.

2. Key Concerns:

• Negative Net Assets: The company’s net liabilities increased to £12,799 in 2024, indicating insolvency on a balance sheet basis.
• High Long-Term Liabilities: Creditors due after one year stand at £555,905, outweighing total assets and representing a significant debt burden.
• Director Loan Dependency: Owing £162,968 to the director suggests reliance on related-party funding to maintain operations, which may not be sustainable.

3. Positive Indicators:

• Stable Fixed Assets Base: Fixed assets remain relatively stable at around £512k, primarily comprising leasehold property with a long lease of 150 years, providing some asset backing.
• Current Assets Growth: Current assets increased from £18k to nearly £32k year-on-year, showing some improvement in short-term asset liquidity.
• Compliance in Filings: Accounts and confirmation statements are up-to-date with no overdue filings, indicating regulatory compliance and governance attention.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term creditors and director loan to assess repayment conditions and risks.
• Review cash flow statements and profit and loss data (not filed publicly) to better understand operational cash generation and sustainability.
• Confirm the valuation and marketability of the leasehold property assets and any encumbrances affecting realizable value.
• Assess the relationship and financial support capacity of the parent company (AS Holdings Properties Limited) which owns 75% of the shares.
• Examine any contingent liabilities or guarantees related to the director loan or other creditors.