MAUKINFAULD DEVELOPMENTS LIMITED
Company number SC207585 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Risk Assessment: MAUKINFAULD DEVELOPMENTS LIMITED
1. Risk Rating: MEDIUM
While the company demonstrates strong liquidity and a long operating history, the unexplained halving of the asset base between 2019 and 2020, combined with the minimal disclosure requirements of micro-entity filing, creates material information asymmetry that limits confidence in the true financial position.
2. Key Concerns
Concern 1: Unexplained Asset Halving (2019→2020)
Total assets dropped from £131,616 (2019) to £62,125 (2020)—a reduction of approximately £69,500 or 53%. Net assets fell by a similar proportion (£128,234 to £58,670). Without a profit and loss account or strategic report, the cause of this decline cannot be determined from filed accounts. Possible explanations range from asset disposals/distributions to impairment write-downs, each carrying very different risk implications.
Concern 2: No Fixed Assets in a Property Company
The company's SIC code (68209) indicates "Other letting and operating of own or leased real estate," yet the latest balance sheet shows zero fixed assets. All £64,445 in assets are classified as current. For a property business, this is atypical and raises questions about whether the company still conducts its stated activity or whether assets are held through related entities.
Concern 3: Micro-Entity Filing Limitations
The company files as a micro-entity, which permits the most abbreviated form of accounts. No profit and loss statement, no cash flow information, no related-party disclosures, and no detailed notes are provided. This severely limits an investor's ability to assess operational performance, revenue sustainability, or inter-company relationships.
3. Positive Indicators
Solvency
Net assets are comfortably positive at £63,156 (2025), with total liabilities of just £1,289. The company carries negligible leverage.
Liquidity
The current ratio stands at approximately 50:1 (£64,445 current assets against £1,289 current liabilities). Short-term payment obligations are easily covered.
Filing Compliance
Accounts are filed up to date (year ending 31 May 2025, approved 28 February 2026) and the confirmation statement is current. No filings are overdue, suggesting adequate administrative governance.
Stability Since 2020
Following the significant 2019-2020 decline, net assets have shown modest but consistent growth: £58,670 (2020) → £59,484 (2021) → £60,515 (2024) → £63,156 (2025). This suggests the business has found a stable, albeit smaller, operating level.
Long Corporate History
Incorporated in 2000, the company has operated for over 25 years, indicating some degree of business resilience.
4. Due Diligence Notes
| Item | Investigation Required |
|---|---|
| 2019-2020 asset decline | Obtain full accounts for that period; determine whether assets were sold, distributed as dividends, written down, or transferred to related parties. |
| Composition of current assets | Micro-entity accounts provide no breakdown. Request confirmation of whether the £64,445 comprises cash, debtors, or other instruments. |
| Current trading activity | Clarify whether the company is actively letting property or has become a passive investment vehicle. |
| Mr John Joseph Harley | Listed as a PSC (25-50% ownership) but does not appear as a current officer. Determine whether he has resigned as director and what his ongoing involvement is. |
| Related party relationships | Micro-entity accounts are exempt from related-party disclosures. Investigate whether transactions exist with connected entities, particularly given the property SIC code and absence of fixed assets. |
| Revenue and profitability | No turnover or profit figures are available from filed documents. Request management accounts to assess ongoing trading viability. |
| Future intentions | Understand whether the asset decline represents a deliberate wind-down strategy or if the company intends to reinvest. |