HAS TIMBER LTD

Executive Summary

HAS TIMBER LTD demonstrates a low risk profile with stable net assets and compliance with filing requirements. However, the decline in current assets and presence of provisions merit further review, alongside an understanding of the operational model given no employees are recorded. Overall, the company appears solvent and compliant but requires additional insight into liquidity and operational sustainability.

HAS TIMBER LTD - Analysis Report

Company Number: 12760528

Analysis Date: 2025-07-29 20:19 UTC

1. Risk Rating: LOW
   HAS TIMBER LTD shows stable net assets and positive net current assets over the last four years, indicating an ability to meet short-term obligations. The company is micro-sized with no audit requirements and maintains up-to-date filings without overdue accounts or confirmation statements. No insolvency or liquidation status is present.

2. Key Concerns:

• Declining Current Assets: The current assets decreased from £28,462 in 2023 to £23,713 in 2024, which could signal tightening liquidity.
• Provisions for Liabilities: Presence of provisions (£1,456 in 2024) requires scrutiny as they impact net assets and potential future cash outflows.
• No Employees: The company reports zero employees, which could imply reliance on external contractors or limited operational capacity, raising questions about scalability and operational sustainability.

3. Positive Indicators:

• Consistent Positive Net Current Assets: Net current assets remain positive and stable around £23-28k, indicating good short-term financial health.
• Up-to-Date Compliance: No overdue accounts or confirmation statements, demonstrating sound regulatory compliance.
• Steady Shareholders’ Funds Growth: Shareholders’ funds increased from £10,524 in 2021 to £21,237 in 2024, reflecting retained earnings or capital injections supporting solvency.

4. Due Diligence Notes:

• Clarify the nature and reason for provisions and whether they represent contingent liabilities that may affect future cash flows.
• Investigate cash flow patterns and bank balances beyond the balance sheet figures to confirm liquidity status.
• Understand the operational model given zero employees—verify whether key functions are outsourced or if the company is dormant operationally but active legally.
• Confirm no director disqualifications or legal issues linked to the directors, though none appear in the provided data.