Company Number: 13938462

Analysis Date: 2025-07-29 20:02 UTC

1. Credit Opinion:
   DECLINE. JON BONES PROPERTY LTD exhibits a weak financial position with net liabilities of £36,370 as of 28 February 2025, deteriorating from positive net assets in prior years. The company’s current liabilities significantly exceed current assets, resulting in a large negative working capital position (£-140,736). The ongoing negative equity and liquidity shortfall suggest limited capacity to service additional debt or meet short-term obligations reliably.

2. Financial Strength:
   The balance sheet shows fixed assets stable at £361,581 over the last three years, indicating property holdings or similar long-term assets. However, current assets have drastically reduced to only £841, while current liabilities remain high at £257,215, causing net current liabilities to worsen. Long-term creditors also remain substantial. Negative shareholders' funds indicate the company is technically insolvent on a net asset basis, undermining financial strength and increasing default risk.

3. Cash Flow Assessment:
   Liquidity is severely constrained given the minimal current assets compared to substantial current liabilities. Negative working capital and net liabilities mean the company likely struggles to cover immediate debts from operational cash inflows or liquid resources. Without improvement in cash generation or refinancing, meeting near-term creditor demands or servicing loans will be challenging.

4. Monitoring Points:

• Net current assets and working capital trends
• Changes in creditor balances, especially short-term obligations
• Cash flow from operations, if available, to assess liquidity improvements
• Any capital injections or debt restructuring efforts to restore positive equity
• Management actions to improve debtor collections or reduce liabilities

Executive Summary:
JON BONES PROPERTY LTD’s financial position has weakened, with a negative net asset position and significant liquidity shortfall. The company’s ability to meet short-term obligations is compromised, and it currently lacks sufficient financial resilience to support new credit facilities. Close monitoring of working capital and creditor levels is essential.