FIELDVIEW (BLACKTHORN) LTD

Executive Summary

FIELDVIEW (BLACKTHORN) LTD is a newly formed micro-entity in the building development sector with a slight working capital deficit and negative shareholders’ funds as of its first financial year. While there are no regulatory compliance issues and a clear ownership structure, the negative net asset position and limited operating history warrant close monitoring of liquidity and operational progress. Further due diligence on cash flow and parent company support is advisable to confirm financial stability.

FIELDVIEW (BLACKTHORN) LTD - Analysis Report

Company Number: 14638091

Analysis Date: 2025-07-20 15:07 UTC

1. Risk Rating: MEDIUM

Justification: FIELDVIEW (BLACKTHORN) LTD is a recently incorporated micro-entity operating in building project development with a negative net asset position at the latest year-end. While it is still early in its lifecycle, the current liabilities slightly exceed current assets resulting in net current liabilities and negative shareholders’ funds. There is no indication of overdue filings or insolvency status, but the negative net assets and near parity of current assets and liabilities present moderate solvency and liquidity risk.

2. Key Concerns:

• Negative Net Assets: Shareholders’ funds stand at -£3,912, indicating the company’s liabilities exceed assets, which could affect its ability to raise further finance.
• Working Capital Deficit: Current liabilities (£1,523,795) marginally exceed current assets (£1,519,883), reflecting a net current liability position that may constrain short-term liquidity.
• Limited Operating History: Incorporated in February 2023 with only one set of micro-entity accounts filed, there is limited financial performance data to assess operational sustainability.

3. Positive Indicators:

• No Filing Defaults: Both accounts and confirmation statements are up to date with no overdue filings.
• Clear Control Structure: A single corporate shareholder (Fieldview Group Ltd) owns 75-100% of shares and voting rights, which may provide financial backing and governance stability.
• Low Employee Count: Employing only two individuals helps keep fixed overheads low in early development phases.

4. Due Diligence Notes:

• Review underlying cash flow statements or management accounts to assess liquidity management and cash burn given the negative net asset position.
• Investigate the nature and timing of current liabilities to determine if these are trade creditors, short-term loans, or other obligations.
• Understand the parent company Fieldview Group Ltd’s financial strength and willingness to provide ongoing support.
• Monitor future financial filings for improvements in net assets and working capital, as well as any changes in business strategy or capital structure.
• Assess director experience and track record in property development given the company’s line of business and early stage.