Company Number: 13443230

Analysis Date: 2025-07-20 16:08 UTC

1. Risk Rating: HIGH
   The company exhibits significant liquidity concerns and negative net current assets across all reported years, indicating challenges in meeting short-term obligations. The low level of shareholders' funds relative to current liabilities further exacerbates solvency risk.

2. Key Concerns:

• Persistent Negative Working Capital: Net current liabilities exceed £49,000 consistently, suggesting that the company may struggle to cover short-term debts with available current assets.
• Minimal Share Capital and Equity: Share capital is only £102, and shareholders' funds are modest (£7,308 as of 2024), providing limited buffer against financial distress.
• Dependence on Fixed Assets: The bulk of the asset base is fixed assets (£57,459) which are less liquid, potentially restricting the company's ability to generate cash quickly if needed.

3. Positive Indicators:

• Regular Compliance with Filing Requirements: Accounts and confirmation statements are up to date and not overdue, demonstrating regulatory compliance and good governance in reporting.
• Active Status with No Insolvency Proceedings: The company remains active and not subject to liquidation, administration, or receivership.
• Stable Fixed Asset Base: The fixed assets value has remained steady over the years, suggesting asset retention and potentially stable operational infrastructure.

4. Due Diligence Notes:

• Review the nature and liquidity of fixed assets to assess realizable value in case of distress.
• Investigate the company's cash flow statements and profit/loss trends to understand operational cash generation and sustainability.
• Examine creditor terms and whether current liabilities include any overdue or contentious items that might accelerate solvency issues.
• Confirm whether the company has access to external financing or credit lines to manage liquidity gaps.
• Assess the business model and market positioning within the real estate letting sector to evaluate prospects for revenue growth and improved liquidity.