LANDSTOXX LTD

Executive Summary

LANDSTOXX LTD, a micro-entity operating as a real estate agency since 2021, currently faces high financial risk due to negative net assets and zero current assets, indicating solvency and liquidity challenges. Despite up-to-date filings and regulatory compliance, the company’s limited operating history and deteriorating balance sheet warrant careful scrutiny of its liabilities, cash flow, and business model before investment consideration.

LANDSTOXX LTD - Analysis Report

Company Number: 13792002

Analysis Date: 2025-07-20 17:26 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, with negative net assets and net current assets indicating an inability to meet short-term obligations. The financial position has deteriorated since incorporation, and the lack of current assets raises serious doubts about operational sustainability.

2. Key Concerns:

• Negative Net Assets and Working Capital: As of 31 December 2023, the company reported net assets of -£5,230 and net current liabilities of £4,980, suggesting that liabilities exceed assets and current obligations may not be met.
• Zero Current Assets: The absence of current assets (cash, receivables, or stock) in the latest accounts indicates potential cash flow difficulties and inability to fund ongoing operations.
• Limited Financial History and Scale: Incorporated in December 2021, with micro-entity reporting and minimal financial disclosure, the company has limited operational track record and scale, which increases uncertainty about future viability.

3. Positive Indicators:

• Compliance with Filing Requirements: The company’s accounts and confirmation statements are up to date with no overdue filings, indicating good regulatory compliance and governance practices.
• Single Director with Full Control: Control is consolidated under one individual (Jude Oware Odin), which may allow for swift decision-making without shareholder conflict.
• Micro-entity Status: The company benefits from simplified reporting requirements, reducing administrative burden and costs.

4. Due Diligence Notes:

• Investigate the Nature of Liabilities: Clarify the composition and maturity of current liabilities and whether any are overdue or subject to enforcement action.
• Cash Flow and Funding Sources: Obtain management accounts or cash flow statements to assess liquidity beyond year-end snapshot and understand how operations are funded.
• Business Model and Revenue Generation: Review contracts, client base, and revenue streams given the company’s real estate agency SIC code to evaluate operational sustainability and growth prospects.
• Director’s Plans and Capital Injection: Ascertain if the director intends to inject further capital or secure financing to rectify the negative equity position.
• Going Concern Assessment: Although the director states no material uncertainties regarding going concern, external verification is advised given the weak financial position.