FCG PROPERTY (NI) LTD

Executive Summary

FCG Property (NI) Ltd is a newly incorporated micro-entity with significant liquidity concerns due to very high current liabilities relative to current assets and minimal equity. While compliance and ownership structure are positive factors, the lack of operational history and negative working capital present a high-risk profile for creditors and investors. Further investigation into asset quality and support arrangements is recommended to clarify the company’s financial stability prospects.

FCG PROPERTY (NI) LTD - Analysis Report

Company Number: NI696407

Analysis Date: 2025-07-29 14:14 UTC

1. Risk Rating: HIGH
   The company exhibits significant liquidity risk with current liabilities far exceeding current assets, resulting in a substantial negative working capital position. This presents a challenge to meeting short-term obligations. The micro-entity scale and very recent incorporation limit the available financial track record, increasing uncertainty and risk.

2. Key Concerns:

• Negative Net Current Assets: With current liabilities of £95,257 against current assets of only £7,463, the company has a net current liability of £87,794, indicating potential cash flow constraints.
• Minimal Equity Buffer: Net assets and shareholders’ funds stand at a low £2,206, suggesting very limited financial resilience to absorb losses or finance operations.
• No Employees and Early Stage: The company has no employees reported and was incorporated less than one year ago, implying limited operational history and uncertain sustainability.

3. Positive Indicators:

• Active Status and Compliance: The company is active with no overdue filings or accounts, demonstrating compliance with statutory requirements to date.
• Ownership and Control by Established Entity: The majority shareholder is Fg Mechanical Holdings Limited, which may provide some backing or support.
• Fixed Assets Base: The company holds £90,000 in fixed assets, which may represent valuable property-related investments aligned with its SIC code (buying and selling own real estate).

4. Due Diligence Notes:

• Investigate the nature and valuation of the fixed assets to assess their liquidity and potential to cover liabilities.
• Review any intercompany arrangements or financial support from Fg Mechanical Holdings Limited to understand funding sources and commitments.
• Obtain information on planned business activities and revenue generation to evaluate operational sustainability and cash flow forecasts.
• Monitor upcoming financial periods for changes in working capital and profitability to better assess solvency trajectory.