GILHOOLEY T/A THE PROPERTY GUYS LTD

Executive Summary

GILHOOLEY T/A THE PROPERTY GUYS LTD, a newly incorporated micro-entity in real estate operations, exhibits significant solvency and liquidity risks with negative net assets and a large working capital deficit. While regulatory compliance is current and fixed assets exist, the absence of employees and early operational status raise concerns about business sustainability. Further due diligence on asset quality, creditor terms, and management plans is recommended before investment consideration.

GILHOOLEY T/A THE PROPERTY GUYS LTD - Analysis Report

Company Number: 14785625

Analysis Date: 2025-07-20 12:48 UTC

1. Risk Rating: HIGH
   Justification: The company shows significant net current liabilities with current liabilities (£203,731) far exceeding current assets (£5,851), resulting in a negative net current asset position of -£197,880. The total net assets are negative (-£2,893), indicating insolvency at the balance sheet date. This raises immediate solvency concerns for meeting short-term obligations.

2. Key Concerns:

• Negative working capital: Current liabilities substantially exceed current assets, indicating liquidity issues and potential cash flow difficulties.
• Negative net assets: The company’s total liabilities exceed its total assets, suggesting the business is technically insolvent.
• No employees and early stage: Incorporated only in 2023 with no staff, the company may have limited operational capacity and unproven business sustainability.

3. Positive Indicators:

• Compliance with filings: Accounts and confirmation statements are filed on time with no overdue returns noted, indicating good regulatory compliance.
• Ownership concentration: Single controlling shareholder/director may enable swift decision-making and streamlined governance.
• Fixed assets presence: The company holds nearly £195k in fixed assets, which could provide some collateral or operational base.

4. Due Diligence Notes:

• Investigate nature and valuation of fixed assets to assess their liquidity and potential to cover liabilities.
• Review detailed creditor aging and payment terms to understand the timing and risk of current liabilities.
• Assess cash flow projections and business plan given the early stage and lack of employees to evaluate operational viability.
• Confirm any contingent liabilities or off-balance sheet obligations that may exacerbate financial risks.
• Explore director’s background and plans for capital infusion or restructuring to improve solvency.