MAXWELL G HOLDINGS LTD

Executive Summary

MAXWELL G HOLDINGS LTD exhibits financial distress characterized by negative net assets and rising long-term liabilities, posing substantial solvency and liquidity risks. While compliance with filing deadlines and asset growth indicate some operational stability, the company's limited current assets and absence of employees raise concerns about ongoing business viability. Further investigation into debt obligations and asset quality is recommended before investment consideration.

MAXWELL G HOLDINGS LTD - Analysis Report

Company Number: 12953738

Analysis Date: 2025-07-20 13:40 UTC

1. Risk Rating: HIGH
   The company shows a significant imbalance between its liabilities and assets, with creditors due after more than one year exceeding fixed assets and net assets being negative (£-17,473 in 2023). This indicates potential solvency risk.

2. Key Concerns:

• Negative Net Assets: The balance sheet as of 31 October 2023 shows net liabilities of £17,473, a deterioration from prior years, signaling that total liabilities exceed total assets.
• High Long-Term Creditors: Creditors due after more than one year increased substantially to £463,338 in 2023 from £226,168 in 2022, more than doubling, which raises concerns about long-term debt servicing capacity.
• Minimal Current Assets and No Employees: Current assets remain very low (£1,455 in 2023) with no reported employees, potentially indicating limited operational activity and liquidity constraints.

3. Positive Indicators:

• Timely Filing Compliance: Both accounts and confirmation statements are up to date with no overdue filings, reflecting adherence to regulatory requirements.
• Increasing Fixed Assets: Fixed assets have increased substantially from £89,870 in 2020 to £445,045 in 2023, which may reflect investment in real estate aligned with the SIC code for buying and selling own real estate.
• Stable Director and Governance: A single director with stable appointment since incorporation and no disqualifications reported suggests consistent management.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term creditors to assess repayment obligations and covenants.
• Review cash flow statements (not provided) to evaluate liquidity and ability to meet short-term liabilities.
• Confirm whether the fixed assets relate to income-generating real estate and their market valuations.
• Assess business model sustainability given zero employees and minimal current assets.
• Clarify ownership/control structure due to absence of disclosed Persons with Significant Control.