FIREAWAY SE18 LIMITED

Executive Summary

FIREAWAY SE18 LIMITED is currently experiencing significant financial stress, evidenced by negative net assets and poor liquidity metrics. While operational with no compliance issues, the company’s solvency risk is elevated due to substantial liabilities exceeding assets. Further investigation into liabilities and cash flow sustainability is recommended before considering investment.

FIREAWAY SE18 LIMITED - Analysis Report

Company Number: 13537532

Analysis Date: 2025-07-20 17:19 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position (-£22,039) and significant long-term liabilities (£23,018) exceeding total assets. Negative working capital (-£10,218) indicates liquidity strain. These factors suggest solvency and liquidity risks, raising concerns over the company’s ability to meet obligations.

2. Key Concerns:

• Negative net assets and shareholders’ funds indicate accumulated losses and potential insolvency risk.
• Current liabilities (£19,396) significantly exceed current assets (£9,178), signaling liquidity concerns and potential cash flow difficulties.
• Presence of long-term creditors (£23,018) without clear sourcing or repayment plans raises doubts on financial sustainability.

3. Positive Indicators:

• The company has tangible fixed assets (£11,197) that may provide some collateral value.
• Cash balance improved from £100 last year to £6,004, showing some enhancement in cash holdings.
• No overdue filings or compliance issues; accounts and confirmation statements are up to date.
• The company is active with an operational presence and six employees, indicating ongoing business activity.

4. Due Diligence Notes:

• Investigate the nature and terms of the £23,018 long-term liabilities to assess repayment risk and creditor relationships.
• Review the company’s recent cash flows, turnover, and profitability metrics (not disclosed here) to evaluate operational viability.
• Examine the director’s plans to address negative equity and liquidity shortfalls, including capital injections or restructuring.
• Confirm any contingent liabilities or off-balance sheet obligations that may exacerbate financial stress.
• Evaluate the impact of director changes, especially the resignation of Mr. Adil Niazi, on governance and business continuity.