MY ALLOTMENT (UK) LIMITED

Executive Summary

My Allotment (UK) Limited exhibits a high risk profile due to persistent negative net assets and severe liquidity shortfalls. While regulatory compliance is maintained, the absence of employees and worsening financial position raise significant concerns regarding its operational viability. Further due diligence is recommended to understand the business strategy and creditor arrangements.

MY ALLOTMENT (UK) LIMITED - Analysis Report

Company Number: 12651872

Analysis Date: 2025-07-29 12:34 UTC

1. Risk Rating: HIGH
   The company demonstrates significant and persistent net liabilities with no employees and minimal current assets against substantial current liabilities. This indicates a high risk of insolvency and inability to meet short-term obligations.

2. Key Concerns:

• Negative Net Assets and Shareholders' Funds: The net liabilities have increased from -£2,804 in 2023 to -£3,185 in 2024, indicating deteriorating financial health.
• Poor Liquidity Position: Current assets stand at £1 in 2024 against current liabilities of £3,006, resulting in a negative working capital of £-3,005, suggesting severe liquidity constraints.
• No Employees and Limited Operational Scale: The company reports zero employees, which raises concerns about operational capacity and business sustainability.

3. Positive Indicators:

• Compliance with Filing Requirements: Accounts and confirmation statements are filed on time, showing regulatory compliance and no overdue filings.
• Active Status with a Single Controlling Director: The company remains active with a clear controlling shareholder and director, which can simplify decision-making.
• Micro Entity Filing: As a micro entity, the company benefits from simplified reporting requirements, reducing administrative burdens.

4. Due Diligence Notes:

• Investigate the nature of liabilities and creditor terms to assess potential restructuring or repayment plans.
• Understand the company’s business model and revenue generation prospects to evaluate operational sustainability.
• Confirm the director’s plans for addressing the negative equity and liquidity issues, including any capital injections or cost reductions.
• Clarify the lack of employees and whether the company operates via subcontractors or is dormant operationally despite active status.
• Review any related party transactions or off-balance sheet commitments that might impact financial health.