FENICE MANAGEMENT LIMITED

Executive Summary

FENICE MANAGEMENT LIMITED is a micro private limited company focused on real estate management and investment with substantial fixed assets but a very modest net asset base relative to its long-term liabilities. While statutory compliance is current and governance appears stable, solvency and liquidity risks warrant close monitoring, particularly the nature of its liabilities and cash flow sources. Further due diligence on asset quality and operational income is advised to better gauge financial resilience.

FENICE MANAGEMENT LIMITED - Analysis Report

Company Number: 13174279

Analysis Date: 2025-07-29 12:58 UTC

1. Risk Rating: MEDIUM
   The company shows a very low net asset base (£8,817) against significant long-term liabilities (£355,249), indicating potential solvency pressure. However, it is current on filings and is not in liquidation or distress. The micro-entity status and limited financial disclosure restrict a deeper assessment but highlight a cautious stance.

2. Key Concerns:

• Solvency Risk: The liabilities due after more than one year (£355,249) nearly match the total assets (£364,066), leaving a very thin equity buffer which could be eroded by adverse events.
• Liquidity Concerns: While net current assets are positive (£21,076), current liabilities are low (£2,580), so short-term liquidity appears adequate but is limited. The company’s cash or equivalents level is not explicitly clear, raising questions about immediate cash flow flexibility.
• Operational Stability: There are zero employees reported, implying the company may be asset-holding or investment-focused rather than operationally active, which can be a risk if income generation relies solely on external factors like property rents or fees.

3. Positive Indicators:

• Compliance: All statutory filings (accounts and confirmation statements) are up to date with no overdue filings or penalties.
• Asset Base: The company holds substantial fixed assets (£342,990), likely real estate given the SIC codes, indicating tangible backing to its balance sheet.
• Ownership and Governance: Two directors with equal significant control (25-50%) suggests stable governance with clear accountability.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term liabilities (creditors falling due after more than one year) to understand repayment schedules and covenants.
• Clarify the company’s cash flow generation sources given zero employees and limited current assets; review any rental income or management fees from real estate holdings.
• Assess the quality and valuation basis of fixed assets to confirm they are realizable at stated amounts and not impaired.
• Confirm if any contingent liabilities or off-balance sheet risks exist, especially related to real estate management.
• Review directors’ background for any potential red flags despite no disqualifications noted.