Company Number: 14736838

Analysis Date: 2025-07-29 13:52 UTC

1. Risk Rating: MEDIUM
   Hadora Properties Limited is a newly incorporated private limited company with minimal financial history. The company shows a very low net asset base (£278) and a small cash balance barely covering current liabilities, indicating limited financial buffer. However, filings are up to date and there is no indication of insolvency proceedings, tempering immediate solvency concerns.

2. Key Concerns:

• Marginal Liquidity: Cash of £28,518 is nearly matched by current liabilities of £28,240, leaving a very thin working capital margin (£278), which could pose cash flow difficulties if expenses or liabilities increase.
• Small Equity Base and Loss: Shareholders’ funds stand at only £278 with a retained deficit of £722, indicating the company is not yet profitable and has limited equity cushion to absorb losses or fund growth.
• Lack of Operational History: Incorporated in March 2023 with no employees and limited financial data, the company’s operational sustainability and revenue generation capability remain unproven.

3. Positive Indicators:

• Compliance and Governance: Accounts and confirmation statements are filed timely with no overdue returns, demonstrating good regulatory adherence.
• Directors’ Control and Stability: Both directors have significant shareholding and control, which may support stable decision-making and oversight.
• No Audit Requirement: The company qualifies for audit exemption, indicating its current small size and relatively straightforward financials, reducing administrative burden.

4. Due Diligence Notes:

• Verify the nature and source of current liabilities, particularly the £28,000 directors’ current accounts balance, to understand inter-company financing or director loans.
• Assess business plan and revenue projections to evaluate how the company intends to improve profitability and liquidity.
• Investigate any off-balance sheet commitments or contingent liabilities that could impact solvency.
• Review future cash flow forecasts and funding arrangements to ensure the company can meet short-term obligations and support operational growth.