Company Number: 13709505

Analysis Date: 2025-07-29 15:16 UTC

1. Risk Rating: HIGH
   The company shows significant net liabilities and negative working capital as of the latest financial year, indicating solvency and liquidity risks.

2. Key Concerns:

• Negative Net Assets and Shareholders' Funds: The company reported net liabilities of £89,522 as of 31 October 2023, worsening from £28,323 in 2021, signaling deteriorating financial health.
• Negative Net Current Assets: Current liabilities (£268,426) substantially exceed current assets (£94,924), resulting in a working capital deficit of £166,874, which raises immediate liquidity concerns.
• Significant Increase in Short-Term Creditors: Current liabilities nearly tripled from £99,384 in 2021 to £268,426 in 2023, suggesting increased short-term borrowing or delayed payments to creditors, potentially stressing cash flows.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up-to-date with both annual accounts and confirmation statement filings, indicating good regulatory compliance.
• Stable Management: Two directors remain in place since incorporation, which may support operational continuity.
• Micro Entity Status: The company benefits from simplified reporting requirements, which reduces administrative burden and costs.

4. Due Diligence Notes:

• Investigate the nature and terms of current liabilities to assess whether they are trade payables, loans, or other obligations and the associated repayment risks.
• Review cash flow statements (not available here) or bank statements to evaluate actual liquidity and the company’s ability to meet short-term obligations.
• Understand the business model and revenue streams in warehousing and storage to assess operational sustainability and prospects for improving financial position.
• Clarify the role and financial contribution of the three significant controllers, especially given one resigned as director in 2023 but retains control.
• Confirm whether the company has any contingent liabilities or related party transactions that may impact financial stability.

Executive Summary:
Flying Dove Group Limited currently exhibits high financial risk characterized by negative net assets and significant working capital deficits, raising concerns over solvency and liquidity. While regulatory compliance is satisfactory and management appears stable, the company’s financial position indicates operational stress that warrants further investigation into liabilities and cash flow. Close scrutiny of creditor terms and business viability is recommended before considering investment exposure.