MATTMORE PROPERTIES LTD

Executive Summary

Mattmore Properties Ltd is an early-stage property letting company with a weak financial position characterized by negative net assets and no trading history. The company currently lacks financial strength and cash flow capacity to support credit facilities, resulting in a credit decline recommendation. Ongoing monitoring should focus on operational development, liquidity improvements, and capital structure enhancements.

MATTMORE PROPERTIES LTD - Analysis Report

Company Number: 14873625

Analysis Date: 2025-07-29 18:35 UTC

1. Credit Opinion: DECLINE Mattmore Properties Ltd is a newly incorporated private limited company, with its first financial statements filed for the period ending May 31, 2024. The company currently shows net liabilities of £650 and negative shareholders’ funds of £650, indicating that its liabilities exceed its assets. The absence of fixed or current assets and the presence of only minimal creditors and director loans suggest the company is in a very early stage with limited operational history or financial substance. Given the negative net assets and lack of tangible trading performance or cash flow, the company currently lacks the financial strength and track record to support credit facilities.

2. Financial Strength: The balance sheet reflects a weak financial position. Total assets less current liabilities are negative £650, with no recorded fixed or current assets. The company’s share capital is nominal (£100), and accumulated losses amount to £750. There are no reported revenues, debtors, or employees, consistent with a start-up status with minimal operations. This indicates that the company’s financial foundation is fragile with no buffer to absorb financial shocks or support debt servicing.

3. Cash Flow Assessment: There is no evidence of cash or operational cash inflows. Current liabilities total £650, composed mainly of accrued expenses (£480) and director loans (£170). Negative net current assets mean the company has insufficient working capital to meet short-term obligations without additional funding. The directors have provided some financing via loans, but ongoing cash flow generation remains unproven. Liquidity risk is elevated at this stage.

4. Monitoring Points:

• Operational progress and revenue generation: Monitor future accounts and management commentary for evidence of trading activity and cash inflows.
• Working capital trends: Watch for improvements in net current assets and reduction in reliance on director loans.
• Capital injections or external funding: Any new equity or debt funding will be critical to stabilize the balance sheet.
• Timely filings: Continued compliance with Companies House filing deadlines to avoid regulatory concerns.
• Directors’ conduct and governance: Maintain oversight given the early stage and limited financial history.