Company Number: 13438842

Analysis Date: 2025-07-29 17:25 UTC

1. Risk Rating: HIGH
   The company exhibits a high risk profile primarily due to persistent and increasing net liabilities, significantly negative working capital, and overall net asset deficits over multiple years.

2. Key Concerns:

• Solvency Risk: MMSAB PROPERTIES LTD has sustained net liabilities exceeding £55,000 since incorporation, worsening to £58,359 as of June 2024, indicating it owes more than it owns.
• Liquidity Concerns: Current liabilities (~£89,000) vastly outweigh current assets (_{£1,130), resulting in negative net current assets (}-£88,000), suggesting severe short-term cash flow difficulties.
• Operational Stability: The company has minimal fixed assets (£30,000) and low current asset levels with only one employee, pointing to limited operational scale and possible reliance on external funding or director support.

3. Positive Indicators:

• The company is compliant with filing deadlines for accounts and confirmation statements, indicating good governance in regulatory compliance.
• The director and majority shareholder is clearly identified, with no disqualifications noted, implying stable management control.
• The company benefits from micro-entity reporting exemptions, reducing administrative burden.

4. Due Diligence Notes:

• Investigate the nature and terms of the substantial current liabilities to assess creditor relationships and repayment schedules.
• Review cash flow statements and any off-balance-sheet arrangements to understand liquidity management and funding sources.
• Explore the business model viability, revenue streams, and plans to address ongoing negative equity and working capital deficits.
• Confirm no director misconduct or hidden contingent liabilities that might exacerbate financial risk.
• Evaluate the impact of the company’s SIC code (real estate letting) on asset valuation and income generation potential.