MEEBEE LTD

Executive Summary

Meebee Ltd demonstrates a high risk profile due to persistent and worsening negative net assets and severe liquidity deficits. While regulatory filings are current, the lack of profit and loss data obscures operational viability. Further analysis of cash flow and management plans is essential to gauge the company’s ability to continue as a going concern.

MEEBEE LTD - Analysis Report

Company Number: 14017744

Analysis Date: 2025-07-29 21:02 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, reflected by persistent net liabilities and negative net current assets over multiple years. The decline from a net liability of £129 in 2023 to £1,420 in 2024 without any improvement suggests financial distress.

2. Key Concerns:

• Negative Net Assets and Shareholders’ Funds: The company’s net liabilities worsened from -£129 in 2023 to -£1,420 in 2024, indicating erosion of equity and potential insolvency risk.
• Severe Working Capital Deficit: Current liabilities exceed current assets substantially (£1,849 vs. £18 in 2024), implying difficulty in meeting short-term obligations as they fall due.
• Lack of Profit and Loss Disclosure: The absence of profit and loss accounts in the filing limits insight into operational performance and cash flow generation capacity, raising concerns about sustainability.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with its statutory accounts and confirmation statement filings, indicating regulatory compliance.
• Micro-Entity Status: As a micro-entity, the company benefits from simplified reporting requirements, which may reduce administrative burden and costs.
• Single Shareholder Control: Ownership and control concentrated with a single individual may facilitate swift decision-making and restructuring if required.

4. Due Diligence Notes:

• Investigate the underlying causes of the negative equity and working capital deficits, including any related party transactions or unusual creditor arrangements.
• Obtain management accounts or cash flow statements to assess operational cash generation and short-term liquidity beyond the filed balance sheet.
• Review director’s plans for financial recovery or capital injection, given the continued losses and net liabilities.
• Confirm absence of contingent liabilities or off-balance sheet obligations that may exacerbate financial risk.
• Assess any director conduct records and governance practices given sole director control, to evaluate operational stability and compliance culture.