KIMICO DWELLINGS LTD

Executive Summary

Kimico Dwellings Ltd, a micro-entity involved in resident property management, has improved its net asset position but continues to exhibit net current liabilities, indicating moderate liquidity risk. The company maintains compliance with filing requirements and a stable workforce, though recent director resignations and reliance on director loans warrant further scrutiny. Overall, the company presents medium risk primarily due to liquidity and governance factors.

KIMICO DWELLINGS LTD - Analysis Report

Company Number: 13879847

Analysis Date: 2025-07-29 14:57 UTC

1. Risk Rating: MEDIUM
   The company shows some improvement in net asset position from 2023 to 2024 but still reflects net current liabilities and modest net assets, indicating moderate solvency risk. The business is very small (micro-entity) with limited financial data, which constrains full assessment.

2. Key Concerns:

• Negative Net Current Assets: The company had net current liabilities of £937 at the last year-end, which could signal short-term liquidity pressures.
• Director Loan Outstanding: An interest-free director loan of £1,904 was outstanding at year-end, which may indicate reliance on director funding to support operations.
• Recent Director Turnover: Two directors resigned in December 2024, leaving one current director. Such changes can raise governance and operational continuity concerns.

3. Positive Indicators:

• Improved Net Assets: Net assets moved from a negative £5,696 in 2023 to a positive £632 in 2024, suggesting some financial recovery or capital injection.
• No Overdue Filings: Accounts and confirmation statements are up to date, showing compliance with statutory filing requirements.
• Stable Employee Base: The average number of employees remained constant at 3, indicating stable operational scale.

4. Due Diligence Notes:

• Investigate the nature and terms of the director loan and the company's strategy to repay or formalize this funding.
• Clarify reasons and impact of recent director resignations on company governance and management continuity.
• Review cash flow statements and bank balances (if available) to assess liquidity beyond balance sheet figures.
• Understand the business model and revenue generation given the micro-entity status and small asset base to evaluate sustainability.