HOMERZ LIMITED

Executive Summary

HOMERZ LIMITED exhibits significant financial strain, with negative net assets and working capital deficits over recent years, raising concerns about its ability to meet obligations and sustain operations. While compliance with filing deadlines is maintained, the absence of employees and minimal asset base suggest limited ongoing business activity. Further investigation into the company's liabilities and cash flow is recommended to better understand its financial health and operational viability.

HOMERZ LIMITED - Analysis Report

Company Number: 13455765

Analysis Date: 2025-07-29 20:24 UTC

1. Risk Rating: HIGH

Justification: The company shows persistent negative net current assets (working capital deficit) over multiple years, indicating liquidity stress. The total net assets are negative (£7,112 in 2024), which raises solvency concerns. The company has no employees and minimal current assets, suggesting limited operational activity and sustainability.

2. Key Concerns:

• Negative net current assets for consecutive years (2023 and 2024), reflecting potential inability to meet short-term obligations.
• Negative net assets/shareholders’ funds, suggesting the company's liabilities exceed its assets and potential insolvency risk.
• Lack of employees and minimal current assets, which questions operational scale and ongoing business viability.

3. Positive Indicators:

• Company is compliant with filing requirements with no overdue accounts or confirmation statements.
• Sole director and owner with full control, which can streamline decision-making and governance.
• Micro-entity status with simplified reporting, indicating low complexity in operations.

4. Due Diligence Notes:

• Investigate the nature and terms of current liabilities to assess repayment risk and creditor pressure.
• Review cash flow statements or bank balances (not available here) to understand liquidity dynamics.
• Clarify business model and revenue streams given minimal assets and zero employees.
• Confirm if there are any contingent liabilities or off-balance-sheet risks.
• Assess director’s financial support or plans to address the negative equity position.