Company Number: 14119930

Analysis Date: 2025-07-29 18:29 UTC

1. Risk Rating: MEDIUM
   While Marlando Limited is current on filings and not in liquidation, its latest financials show a sharp decline in net current assets from £27,605 in 2023 to only £2,535 in 2024, indicating tightening liquidity. The company’s small scale, limited capital base (£5 share capital), and its classification as a holding company with no significant fixed assets raise moderate solvency concerns.

2. Key Concerns:

• Significant reduction in net current assets and shareholders’ funds within one year, suggesting potential cash flow constraints.
• Business model as a holding company with minimal tangible assets and reliance on debtors (£31,524) may pose collection risk.
• Single director and sole person of significant control concentrates governance risk and may impact operational stability and transparency.

3. Positive Indicators:

• The company remains active and compliant with all filing deadlines, indicating sound regulatory adherence.
• Positive net current assets, albeit reduced, mean current liabilities are still covered by current assets.
• No indication of overdue debts or insolvency proceedings, and the director’s conduct record appears clean.

4. Due Diligence Notes:

• Clarify the nature and collectability of debtors that constitute the majority of current assets, as these materially impact liquidity.
• Investigate reasons behind the steep decline in net current assets and shareholders’ funds from 2023 to 2024.
• Review the company’s business plan and sources of income given the holding company SIC code and limited capital base.
• Confirm whether there are any contingent liabilities or off-balance sheet obligations not reflected in abridged accounts.
• Assess the director’s capacity and plans for operational continuity given he is the sole director and PSC.