GOLIATH PROPERTY MAINTENANCE LTD

Executive Summary

Goliath Property Maintenance Ltd is currently operating with significant financial distress, evidenced by persistent negative net assets and working capital deficits, posing a high solvency and liquidity risk. While the company maintains compliance with statutory filings and stable management, the lack of equity and ongoing losses raise concerns about its operational sustainability. Further detailed financial and operational due diligence is recommended to assess the viability of recovery or potential restructuring.

GOLIATH PROPERTY MAINTENANCE LTD - Analysis Report

Company Number: 12747383

Analysis Date: 2025-07-29 16:53 UTC

1. Risk Rating: HIGH
   Goliath Property Maintenance Ltd exhibits a high risk profile primarily due to persistent net liabilities and negative shareholders' funds over multiple years, indicating ongoing insolvency concerns.

2. Key Concerns:

• Solvency Issues: The company has reported net liabilities for at least four consecutive years (£-11,792 in 2024), showing it has more liabilities than assets, which raises serious questions about its ability to meet long-term obligations.
• Liquidity Concerns: Negative net current assets of £-8,039 in 2024 suggest the company may struggle to cover short-term debts as they fall due, potentially leading to cash flow difficulties.
• Limited Capital Base: Share capital is minimal (£100), providing little buffer against financial stress. The company’s ongoing losses have eroded equity, which may deter creditors and investors.

3. Positive Indicators:

• Filing Compliance: The company is up to date with both accounts and confirmation statements, which implies regulatory compliance and transparency.
• Stable Management: The sole current director, Mr. Andrew Wileman, has been in place since incorporation, providing continuity in management.
• Micro-Entity Status: The small scale reduces statutory filing requirements, potentially lowering administrative costs.

4. Due Diligence Notes:

• Investigate Debt Structure: Clarify the nature and terms of long-term creditors (£19,291 in 2024) to assess repayment risk and any potential restructuring plans.
• Cash Flow Analysis: Obtain management accounts or cash flow statements to evaluate operational cash flows and liquidity management in more detail.
• Business Model Viability: Review contracts, client base, and revenue trends since incorporation to understand the operational sustainability given ongoing losses and negative equity.
• Director Background: While no disqualifications are noted, further checks on Mr. Andrew Wileman’s credit and directorship history would be prudent given the financial distress signals.
• Contingent Liabilities: Check for any guarantees or off-balance sheet liabilities that could exacerbate financial risk.