FLYOVER LTD

Executive Summary

Flyover LTD's latest financials show a concerning shift to negative net assets and a deteriorating liquidity position, highlighting significant solvency risks. While the company remains compliant with statutory filings, the lack of employees and limited assets raise questions about ongoing operational viability. Further investigation into cash flows and business activities is advised before considering investment.

FLYOVER LTD - Analysis Report

Company Number: 13126653

Analysis Date: 2025-07-20 13:50 UTC

1. Risk Rating: HIGH
   The company exhibits negative net assets and shareholders' funds for the most recent financial year, indicating insolvency on a balance sheet basis. The net current liabilities position worsened year-on-year, signaling liquidity stress.

2. Key Concerns:

• Solvency risk: Net liabilities of £3,066 as of 31 January 2025, deteriorated from positive net assets previously, raising concerns about the company's ability to meet long-term obligations.
• Liquidity concerns: Cash balance is minimal (£837) compared to current liabilities (£4,644), resulting in net current liabilities of £3,807, indicating potential cash flow difficulties to cover short-term debts.
• Operational sustainability: No employees reported and limited tangible fixed assets, coupled with negative equity, may indicate limited operational scale or viability challenges in the core activities (food services and taxi operations).

3. Positive Indicators:

• Compliance with filing deadlines is current; no overdue accounts or confirmation statements, reflecting regulatory adherence.
• The company is classified as a micro-entity, which reduces complexity and filing requirements, possibly easing administrative burdens.
• The director has maintained consistent accounting policies and prepared accounts in accordance with relevant standards.

4. Due Diligence Notes:

• Investigate the reasons behind the significant deterioration in net assets within the latest financial year—whether due to operating losses, write-downs, or liabilities incurred.
• Review cash flow statements and creditor aging schedules to assess actual liquidity pressures and payment patterns.
• Confirm the nature and scale of trading activities given zero employees and limited fixed assets; verify whether the company is currently operational or effectively dormant.
• Examine any contingent liabilities or off-balance sheet exposures that may impact financial stability.
• Assess director and shareholder intentions regarding capital injection or restructuring plans to address deficit equity.