FOURTEN PROPERTY DEVELOPMENT LIMITED

Executive Summary

FOURTEN PROPERTY DEVELOPMENT LIMITED operates in property development with a relatively stable fixed asset base but carries significant liabilities that raise concerns over liquidity and solvency. The company has shown incremental equity improvement, though limited capital reserves suggest vulnerability to financial stress. Up-to-date filings and clear ownership structure provide a foundation for further investigation into debt terms and cash flow viability.

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Company Analysis

This analysis is opinion only and should not be interpreted as financial advice.

FOURTEN PROPERTY DEVELOPMENT LIMITED - Analysis Report

Company Number: 12892687

Analysis Date: 2025-07-29 16:09 UTC

  1. Risk Rating: MEDIUM
    The company shows some positive equity growth and asset stability; however, significant current liabilities and large long-term creditors relative to current assets pose moderate solvency and liquidity risks.

  2. Key Concerns:

  • Current liabilities substantially exceed current assets (2024: £77k vs £548k), indicating potential liquidity constraints despite reported net current assets, which appear misstated or inconsistently presented.
  • Material long-term liabilities (£548k) closely match fixed assets (~£505k), suggesting high leverage and potential refinancing risk.
  • Negative net assets in earlier years and only marginal positive shareholders’ funds (£26.8k in 2024) limit financial buffer to absorb adverse events.
  1. Positive Indicators:
  • Consistent fixed asset base indicative of underlying property or development assets.
  • Improvement in net assets from negative in 2021 to positive in 2024 shows some financial recovery or capital injection.
  • Compliance with filing deadlines with up-to-date accounts and confirmation statements reduces regulatory risk.
  1. Due Diligence Notes:
  • Clarify the nature and terms of the large long-term liabilities, including repayment schedules, interest rates, and creditor identity.
  • Verify the accuracy of current asset and liability classifications, especially given the apparent inconsistency in net current assets calculations.
  • Review cash flow statements or management accounts to assess liquidity generation and operational cash requirements.
  • Understand the ownership structure and related party transactions given the significant shareholding by Fourten Investments Limited and directors.

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