Company Number: 13843673

Analysis Date: 2025-07-29 18:01 UTC

1. Risk Rating: MEDIUM
   The company shows a modest net asset base relative to significant long-term liabilities, with limited current assets and a negative or marginal working capital position in prior years. This points to potential solvency and liquidity pressures common in real estate investment companies holding large fixed assets funded by debt.

2. Key Concerns:

• High Long-Term Creditors: Creditors falling due after one year exceed £370,000, substantially larger than net assets (£22,098), indicating heavy reliance on debt financing and risk if asset values decline or cash flow tightens.
• Minimal Current Assets: Current assets remain very low (£4,853 in 2025), restricting liquidity to cover short-term liabilities and operational needs.
• No Employees or Operating Income: The absence of employees and no profit and loss information filed limits insight into operational performance and sustainability, raising questions about ongoing business viability and cash generation.

3. Positive Indicators:

• Stable Fixed Asset Base: Fixed assets have remained consistently around £390k across the years, suggesting asset value stability which is positive for collateral and potential sale value.
• Timely Filing and Compliance: The company is up to date with accounts and confirmation statements filings, indicating adherence to regulatory requirements.
• Experienced Directors and PSCs: Both directors have held roles since incorporation and are UK residents, simplifying governance oversight.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term creditors (e.g., mortgage, loans), including covenants and repayment schedules.
• Obtain or review any available profit and loss accounts or cash flow statements to assess ongoing operational viability.
• Confirm the valuation and marketability of fixed assets to understand collateral strength and liquidation value.
• Clarify the business model and revenue sources given the absence of employees and operational data.
• Assess whether the company has any contingent liabilities or off-balance sheet obligations.