Company Number: 15191097

Analysis Date: 2025-07-29 16:04 UTC

1. Risk Rating: MEDIUM
   Despite being a newly incorporated micro-entity with modest asset levels, Hambly Estates Limited shows a relatively low equity base compared to its current liabilities and deferrals. The company’s financial data is limited due to its recent formation and micro status, but the working capital and net asset position suggest some vulnerability in meeting short-term obligations.

2. Key Concerns:

• Liquidity pressure: Current liabilities (£21,324) plus accruals/deferred income (£15,800) total £37,124, while current assets stand at £44,793, leaving a narrow margin for working capital after adjusting for deferred income. The unusually high accruals and deferred income relative to equity may indicate cash flow timing issues.
• Low equity base: Shareholders’ funds of £9,781 are low, implying limited buffer to absorb losses or support growth.
• No operational history: Incorporated in October 2023 with no employees and minimal fixed assets, the company’s operational and revenue-generating capacity remains unproven, increasing uncertainty regarding sustainability.

3. Positive Indicators:

• Compliance up to date: No overdue filings or accounts, indicating sound regulatory compliance and governance awareness.
• Director with relevant occupation: The director’s background as an estate agent aligns with the company’s real estate agency SIC code, suggesting relevant expertise.
• Micro-entity exemption: The company benefits from simplified accounting and audit requirements, reducing administrative burdens and costs.

4. Due Diligence Notes:

• Investigate the nature and timing of accruals and deferred income to assess cash flow implications and whether these represent ongoing liabilities or prepayments.
• Review business plan and revenue projections to evaluate operational viability given the lack of employees and minimal fixed assets.
• Confirm the source of initial capital and shareholder funding to understand financial resilience.
• Assess whether the director has other business interests that may impact focus or resources devoted to Hambly Estates Limited.