GOLDEN SANDS PROPERTY MANAGEMENT LTD

Executive Summary

Golden Sands Property Management Ltd, a recently incorporated micro-entity, demonstrates significant financial distress with net liabilities and poor liquidity shortly after formation. While statutory compliance is maintained and ownership appears stable, the company’s solvency and cash flow position present high risk. Further investigation into operational viability and funding arrangements is essential before considering investment.

GOLDEN SANDS PROPERTY MANAGEMENT LTD - Analysis Report

Company Number: 14904315

Analysis Date: 2025-07-20 18:16 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits significant solvency and liquidity concerns, with net current liabilities and net overall liabilities indicating a negative equity position shortly after incorporation.

2. Key Concerns:

• Negative Net Assets: The company shows net liabilities of £35,890 as at 31 May 2024, indicating insolvency on a balance sheet basis.
• Poor Liquidity Position: Current assets are negative £36,020 against current liabilities of £10,120, resulting in a substantial net current liability of £46,140, which raises immediate cash flow concerns.
• Short Operating History: Incorporated in May 2023 with only one year of financial data, limiting insight into operational sustainability and business model viability.

3. Positive Indicators:

• No Overdue Filings: Accounts and confirmation statements are up to date, suggesting compliance with statutory filing requirements.
• Controlled Ownership Structure: Majority control by Anned Group Ltd and Mr. Timothy Carey, which may provide stability and potential financial backing.
• Active Website and Market Presence: The company maintains an active website with contact details, indicating ongoing business operations and customer engagement.

4. Due Diligence Notes:

• Investigate the reasons behind the negative current assets figure (possibly overdrafts or prepayments) and the nature of liabilities included in current liabilities and accruals.
• Understand the company’s cash flow forecast and working capital management plans to address liquidity deficits.
• Review any related party transactions or shareholder loans that may impact financial stability.
• Assess the business model and contracts underpinning revenue generation, given the micro-entity size and limited employees.
• Verify the background and financial capacity of key controllers, especially Anned Group Ltd and Mr. Carey, to support the company through initial losses.
• Examine any contingent liabilities or pending obligations not reflected in the accounts.