HOMELAND PROPERTY SERVICE LTD
Executive Summary
HOMELAND PROPERTY SERVICE LTD exhibits a sound balance sheet with positive net assets and working capital, underpinned by low liabilities and director loan repayment. While liquidity appears adequate, the absence of profit and loss disclosure limits full cash flow evaluation. Conditional credit approval is recommended, with ongoing monitoring of debtor collections and operational cash flows.
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This analysis is opinion only and should not be interpreted as financial advice.
HOMELAND PROPERTY SERVICE LTD - Analysis Report
Credit Opinion: APPROVE with conditions.
HOMELAND PROPERTY SERVICE LTD shows a solid net asset base and positive working capital, indicating a capacity to meet short-term obligations. The company has no employees and minimal liabilities, with manageable current liabilities and no long-term debt as of the latest year. However, the absence of turnover and profit & loss data limits visibility on operating cash flow generation. Approval should be conditional on continued receipt of updated financials showing stable or improving cash flow from operations.Financial Strength:
The balance sheet is healthy for a small private company. Net assets increased significantly from £44.6k in 2022 to £77.5k in 2023, driven by a reduction in long-term liabilities (director loans fully repaid) and accumulation of retained profits. Current assets consist mainly of debtors (£77.4k) and cash (£7.8k), with current liabilities low at £7.7k. The company’s equity is fully positive, with no external borrowings.Cash Flow Assessment:
Current cash at £7.8k is modest but supported by a strong debtor book (£77.4k) and low current liabilities, resulting in net current assets of £77.5k. This suggests adequate short-term liquidity. The repayment of director loans indicates some cash outflow in the previous year, improving balance sheet structure. However, the lack of disclosed profit and loss figures means operating cash flow sustainability cannot be fully assessed. Monitoring debtor collection and cash conversion cycles is advised.Monitoring Points:
- Confirm ongoing debtor quality and timely collections to support liquidity.
- Review future filing of profit and loss accounts to confirm operational profitability and cash flow generation.
- Watch for any increases in current liabilities or new borrowings that could stress working capital.
- Monitor any changes in director loans or related party transactions that may impact financial stability.
- Ensure timely submission of accounts and confirmation statements to maintain compliance.
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