G MOORE PROPERTIES LIMITED

Executive Summary

G Moore Properties Limited exhibits high financial risk primarily due to significant negative working capital and increased leverage from recent bank borrowing. While the company has invested in tangible property assets and maintains regulatory compliance, its low equity base and cash flow constraints present substantial solvency and liquidity concerns. Further investigation into debt terms, asset valuations, and operational performance is essential to fully assess the company’s sustainability.

G MOORE PROPERTIES LIMITED - Analysis Report

Company Number: 13006804

Analysis Date: 2025-07-20 14:41 UTC

1. Risk Rating: HIGH
   The company shows significant liquidity risk with current liabilities vastly exceeding current assets, resulting in negative net current assets. The presence of substantial long-term bank loans adds to solvency concerns given the limited equity base.

2. Key Concerns:

• Negative net working capital: Current liabilities (£380,842) exceed current assets (cash £16,371) by a large margin (-£364,471), indicating potential cash flow difficulties meeting short-term obligations.
• Increasing debt levels: Introduction of a bank loan of £275,050 as of March 2024, where previously no long-term debt existed, increases financial leverage and repayment risk.
• Low equity base: Shareholders’ funds stand at only £30,183 relative to total assets and liabilities, providing limited buffer against operational or market shocks.

3. Positive Indicators:

• Asset base growth: Tangible fixed assets (land and buildings) increased from £294,718 to £669,704 in the latest period, suggesting investment or acquisition of property assets which could have future value or income potential.
• No overdue filings: All statutory accounts and confirmation statements are up to date, indicating compliance with regulatory requirements.
• Directors’ continuity: The founding directors have been in place since incorporation with no indication of disqualification or governance issues.

4. Due Diligence Notes:

• Investigate the nature and terms of the £275,050 bank loan, including covenants, repayment schedule, and security provided.
• Assess the liquidity management and cash flow forecasts to understand how the company plans to meet its current liabilities given negative working capital.
• Review valuation and marketability of the tangible fixed assets to determine their realizable value and contribution to solvency.
• Enquire about revenue generation and profitability trends since turnover and profit figures are not disclosed in the available data.
• Clarify why the profit and loss account has not been delivered to the Registrar, as noted in the accounts document, and whether this impacts transparency.