MACC CARE PROPERTIES (SHIRLEY) LIMITED

Executive Summary

Macc Care Properties (Shirley) Limited is a dormant subsidiary with minimal standalone financial activity, relying on group support. Credit risk is primarily contingent on the financial health of the Macc Care Group, which holds substantial debt guaranteed by this company. Conditional credit approval is recommended, with close monitoring of the parent group's financial position and guarantee exposures.

MACC CARE PROPERTIES (SHIRLEY) LIMITED - Analysis Report

Company Number: 12394940

Analysis Date: 2025-07-20 15:10 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Macc Care Properties (Shirley) Limited is a dormant subsidiary company with minimal financial activity and negligible assets and liabilities. It has no trading history or income and holds investments in fellow group companies. The company has provided guarantees for significant loans (over £120 million combined) of fellow group entities, indicating reliance on group financial strength rather than standalone cash flow. Credit approval is conditional on the financial health and repayment capacity of the wider Macc Care Group, given the company’s lack of independent trading operations and cash flow.

2. Financial Strength:
   The company’s balance sheet is very limited with net assets and shareholders’ funds of only £1, and net current liabilities of £1. Fixed assets are comprised solely of investments valued at £2. No employees or trading activity exist. The company’s financial position reflects a non-trading holding structure with no independent revenue or profitability. The significant guarantees provided for group loans represent contingent liabilities that may pose risk if the group faces financial stress.

3. Cash Flow Assessment:
   There is no operating cash flow as the company is dormant and has no turnover or expenses. Current liabilities are minimal and consist of director loans of £1. Liquidity is negligible at the company level but likely supported by the parent and group companies. The company’s ability to meet obligations depends entirely on intra-group arrangements and the financial strength of the wider group rather than its own cash generation.

4. Monitoring Points:

• Financial performance and debt service capacity of the Macc Care Group as a whole, since this company’s credit risk is tied to group strength.
• Any changes in the guarantees or contingent liabilities exposure related to group borrowings.
• Confirmation that the company remains dormant and does not take on independent trading activities or liabilities that could affect its credit standing.
• Timely filing of accounts and confirmation statements to ensure ongoing compliance and transparency.