ME PROPERTY AND CONSULTANCY LTD
Executive Summary
ME PROPERTY AND CONSULTANCY LTD is a newly formed private limited company with minimal financial resources and no operating history, resulting in a high risk profile from a solvency and liquidity standpoint. While the company is compliant with filing requirements and operates in a defined real estate niche, investors should exercise caution and conduct thorough due diligence on funding and business viability before committing capital.
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This analysis is opinion only and should not be interpreted as financial advice.
ME PROPERTY AND CONSULTANCY LTD - Analysis Report
Risk Rating: HIGH
Justification: ME PROPERTY AND CONSULTANCY LTD is a recently incorporated entity (Nov 2023) with minimal financial data available. The company’s latest accounts show negligible cash balances (£10), no reported revenues, and net assets equal to initial share capital only. This indicates limited operational activity and financial resources, which represents a high risk from a solvency and liquidity perspective.Key Concerns:
- Minimal Financial Resources: Cash and net current assets stand at only £10, suggesting no working capital buffer to meet obligations.
- Lack of Operating History: Incorporated less than one year ago with no reported turnover or profit, raising uncertainty about ongoing operational sustainability.
- Concentration of Control: Two directors each hold 25-50% shares and voting rights, with full control over appointment/removal of directors. This could pose governance risk if not mitigated by external oversight.
- Positive Indicators:
- Compliance with Filings: The company is current with its accounts and confirmation statement filings, indicating adherence to regulatory requirements.
- Clear Industry Focus: SIC codes show a focused activity in real estate management and letting, which is a defined niche with potential for future growth.
- Low Overhead: With only 2 employees reported, operating costs may be minimal, reducing immediate cash burn.
- Due Diligence Notes:
- Investigate the source and sufficiency of funding to support trading and growth plans.
- Review business plans and contracts to assess expected revenue streams and timing.
- Confirm no undisclosed liabilities or related party transactions that could impact financial stability.
- Assess background and track record of directors for operational competence and integrity.
- Monitor progress and filings for the next 12 months to detect any material changes in financial position or compliance.
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