HAMLOCK PROPERTY LTD
Executive Summary
HAMLOCK PROPERTY LTD shows weak financial health with negative net assets and poor liquidity, undermining its capacity to service debt. The company’s micro-entity accounts reveal ongoing working capital deficits and minimal current assets, suggesting reliance on external funding. Given the current financial position and limited operational data, credit facilities are not recommended without significant improvement or guarantees.
View Full Analysis Report →Company Analysis
This analysis is opinion only and should not be interpreted as financial advice.
HAMLOCK PROPERTY LTD - Analysis Report
Credit Opinion: DECLINE
HAMLOCK PROPERTY LTD presents significant concerns from a credit perspective. The latest micro-entity accounts show net current liabilities of £821 and negative net assets of the same amount, indicating an erosion of equity and weak balance sheet solvency. The company has no employees and minimal current assets (£99), which is insufficient to cover even short-term liabilities (£920). These factors raise material doubts about the company’s ability to meet its debt obligations as they fall due without external support. The company is very young (incorporated 2021) and has recently undergone a name change, potentially reflecting restructuring or a pivot in business strategy. The lack of profitability data and operating cash flow information further limits confidence in financial sustainability.Financial Strength:
The balance sheet is weak with net liabilities of £821 reported for the year ending January 2024, worsening slightly from the prior year’s net liabilities of £720. Current assets have decreased substantially from £6,700 in 2023 to only £99 in 2024, while current liabilities remain relatively stable (£920 in 2024 vs £7,420 in 2023; note the 2023 figure may contain a typographical error given the net current asset movement). Shareholders’ funds are negative, reflecting accumulated losses or capital deficit. The company’s micro-entity status limits the detail available but overall, the financial position shows a lack of capital buffer and weak solvency.Cash Flow Assessment:
Available data does not include cash flow statements; however, the minimal current assets and negative working capital imply liquidity constraints. The company has no employees, suggesting minimal operational activity or cost base. The low cash/asset base compared to liabilities indicates limited short-term liquidity and a reliance on external funding or shareholder support to meet obligations. No evidence of operating cash inflows or positive working capital cycles is visible, raising concerns about ongoing cash flow sufficiency.Monitoring Points:
- Upcoming filings and accounts to assess changes in asset/liability structure and any improvements in liquidity.
- Any new debt or equity injections that improve capital adequacy.
- Directors’ trading updates or strategic plans addressing current financial weaknesses.
- Payment history on existing obligations and any creditor disputes or defaults.
- Business activity metrics or contracts that could indicate revenue generation improving cash flow.
More Company Information
Recently Viewed
Follow Company
- Receive an alert email on changes to financial status
- Early indications of liquidity problems
- Warns when company reporting is overdue
- Free service, no spam emails Follow this company