INDOME HOLDINGS LIMITED

Executive Summary

InDome Holdings Limited shows a high-risk profile due to sustained negative working capital and shareholders’ funds, indicating solvency and liquidity challenges. While the company maintains regulatory compliance and has a focused business area, its financial position raises significant concerns about operational sustainability. Further detailed investigation into its liabilities, cash flow, and business strategy is essential before considering investment.

INDOME HOLDINGS LIMITED - Analysis Report

Company Number: 13391688

Analysis Date: 2025-07-29 18:57 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, evidenced by persistent negative net current assets and shareholders’ funds over multiple years, indicating an inability to meet short-term obligations. The micro-entity status limits disclosure, reducing transparency.

2. Key Concerns:

• Negative Working Capital: Current liabilities consistently exceed current assets by a wide margin (£41,434 deficit in 2024), signaling cash flow strain.
• Negative Shareholders’ Funds: Equity is deeply negative and worsening (£41,419 deficit in 2024), reflecting accumulated losses or liabilities exceeding assets.
• Limited Financial Data and Small Scale: As a micro-entity with only one employee and minimal fixed assets, there is limited operational scale and financial resilience, raising questions about business sustainability.

3. Positive Indicators:

• Compliance with Filings: Accounts and confirmation statements are filed on time, indicating regulatory compliance so far.
• Single Controlling Director: Clear control by one director and PSC may provide streamlined decision-making.
• Active Website and Industry Focus: The company’s website and SIC code indicate a defined focus on property development, suggesting a clear business model.

4. Due Diligence Notes:

• Investigate the nature and source of current liabilities to assess whether they represent accrued expenses, loans, or related party debts.
• Review cash flow statements and bank balances to understand liquidity beyond balance sheet snapshots.
• Clarify the business plan and funding strategy, especially given negative equity and ongoing losses.
• Assess the director’s background and financial support capacity given sole control and significant deficits.
• Confirm if any contingent liabilities or off-balance-sheet obligations exist.
• Explore market conditions affecting the property development sector that might impact future viability.