Company Number: 14336616

Analysis Date: 2025-07-19 12:26 UTC

1. Risk Rating: HIGH
   The company demonstrates significant solvency and liquidity risks, evidenced by persistent net current liabilities exceeding £1.3 million and negative net assets over consecutive years. This financial position signals difficulty in meeting short-term obligations and overall shareholder deficit.

2. Key Concerns:

• Severe Working Capital Deficit: Net current liabilities of approximately £1.35 million as of the latest accounts indicate a critical shortfall in liquid resources to cover immediate debts.
• Negative Shareholders’ Funds: The company’s negative equity position (-£71,437) suggests accumulated losses and potential insolvency risks if losses continue.
• High Current Liabilities Relative to Cash: Cash on hand is minimal (£19,366) compared to current liabilities (£1,366,303), raising concerns about near-term liquidity and cash flow management.

3. Positive Indicators:

• Substantial Tangible Fixed Assets: The company holds fixed assets valued at £1.38 million, which may provide collateral value or operational capacity.
• No Overdue Filings or Compliance Issues: Accounts and confirmation statements are up to date with no overdue filings, indicating regulatory compliance and good governance in reporting.
• Stable Management Structure: Directors have been in place since incorporation, with clear PSC ownership and control transparency.

4. Due Diligence Notes:

• Investigate the nature and terms of the current liabilities to understand if any are overdue, disputed, or subject to refinancing agreements.
• Assess cash flow forecasts and operational plans to determine how the company intends to address the working capital deficit and return to a positive net asset position.
• Review the valuation and liquidity of tangible fixed assets to ascertain their potential to support debt restructuring or asset sales if needed.
• Understand the business model and revenue streams, particularly given the real estate management focus, to evaluate sustainability and growth prospects.