Company Number: 13197839

Analysis Date: 2025-07-29 13:15 UTC

1. Risk Rating: HIGH
   Fiore Landscaping Limited exhibits significant solvency and liquidity concerns, evidenced by persistent negative net current assets over multiple years and minimal equity. The company’s net assets remain marginal despite a slight improvement in the most recent year, indicating ongoing financial fragility.

2. Key Concerns:

• Negative Working Capital: The company has reported negative net current assets for each financial year since inception, worsening from -£9,816 in 2023 to -£16,955 in 2024, signaling consistent liquidity stress and potential difficulties meeting short-term obligations.
• Minimal Share Capital and Reserves: Share capital is nominal (£2), and shareholders’ funds remain low (£521 in 2024), which provides little buffer against financial shocks. The company has only recently returned to a positive net asset position after years in deficit.
• Limited Operational Scale and Staff: With an average staff number of one (the director) and micro-entity reporting exemption, the company’s operational scale appears minimal, which raises questions about sustainability and growth potential.

3. Positive Indicators:

• Timely Filing and Compliance: Accounts and confirmation statements are up to date with no overdue filings, indicating compliance with statutory requirements and governance norms.
• Improvement in Net Assets: The company moved from negative net assets in prior years to a modest positive net asset position (£521) in 2024, suggesting some progress in financial stability.
• Stable Ownership and Management: The director and significant controllers have remained consistent since incorporation, which may support steady strategic direction.

4. Due Diligence Notes:

• Investigate cash flow trends and sources of working capital to understand how the company manages liquidity deficits, including any reliance on director loans or external financing.
• Review the nature and valuation of fixed assets (£19,476 in 2024) to assess their liquidity and contribution to business operations.
• Explore the reasons behind the continuing negative net current assets and whether corrective measures or restructuring plans are in place.
• Examine customer base, contract pipeline, and competitive positioning in the landscaping sector to evaluate operational viability.
• Verify no director disqualifications or legal/regulatory issues impacting governance.