MAPLETREE PROPERTIES LIMITED

Executive Summary

MAPLETREE PROPERTIES LIMITED presents a high-risk profile due to persistent negative working capital, zero net assets, and significant creditor obligations relative to its asset base. While regulatory compliance is maintained and fixed assets offer some security, the company’s financial position raises solvency and liquidity concerns that warrant further detailed investigation into its liabilities and cash flow management. These factors currently undermine confidence in its operational sustainability.

MAPLETREE PROPERTIES LIMITED - Analysis Report

Company Number: 13863818

Analysis Date: 2025-07-29 15:05 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, with substantial current liabilities vastly exceeding current assets and net assets at or near zero. This suggests a precarious financial position and potential difficulty in meeting short-term obligations.

2. Key Concerns:

• Negative Working Capital: Net current liabilities of approximately £81,365 persist over multiple years, indicating ongoing liquidity strain.
• Zero Net Assets / Shareholders’ Funds: Net assets decreased to zero in the latest period from £1 previously, highlighting erosion of equity and potential insolvency risk.
• Significant Long-Term Debt: Creditors falling due after one year amount to £188,250, an amount equal to fixed assets and not matched by equity, raising concerns about the company’s ability to service or refinance this debt.

3. Positive Indicators:

• Stable Fixed Assets: The company holds fixed assets valued at £269,615 consistently, which could provide some collateral value.
• No Overdue Filings: Accounts and confirmation statements are up to date and filed on time, reflecting compliance with regulatory requirements.
• Single Director with Relevant Experience: The sole director is a solicitor, potentially providing sound governance and legal oversight.

4. Due Diligence Notes:

• Examine Nature and Terms of Creditors: Detailed review of the £188,250 creditors due within and beyond one year is necessary to understand the repayment profile and risks.
• Assess Cash Flow and Funding Sources: Investigate how ongoing liquidity shortfalls are managed—e.g., director loans, shareholder funding, or external financing.
• Review Business Model and Revenue Generation: Limited information is available on income or operational performance; understanding the sustainability of the real estate letting operations is crucial.
• Confirm No Director or Related Party Transactions: Given the sole director owns 75-100% shares, scrutiny of related party transactions is important to assess potential conflicts or financial support mechanisms.