MYRTLE DOVES LTD

Executive Summary

Myrtle Doves Ltd exhibits significant liquidity and solvency risks evidenced by negative net current assets and minimal share capital. While regulatory compliance is maintained and the company operates in niche retail sectors, the lack of profit and loss information and negative working capital raise concerns about operational sustainability. Further financial details and strategic insights are necessary to form a comprehensive risk assessment.

MYRTLE DOVES LTD - Analysis Report

Company Number: 13109580

Analysis Date: 2025-07-20 11:22 UTC

1. Risk Rating: HIGH
   The company demonstrates a negative net current asset position for the latest year, indicating potential liquidity issues. The absence of detailed profit and loss information limits visibility on operational performance. As a micro-entity with minimal capital and a short trading history, solvency concerns are elevated.

2. Key Concerns:

• Negative net current assets of £923 as at 31 January 2024 suggest insufficient short-term resources to cover liabilities.
• Share capital is minimal at £100, providing limited equity buffer against losses or cash flow fluctuations.
• Lack of profit and loss account filing restricts assessment of revenue generation and operational cash flow sustainability.

3. Positive Indicators:

• Company status is active and filings (accounts and confirmation statement) are up to date, indicating regulatory compliance.
• The business operates in specialised retail sectors (footwear and clothing), which can provide niche market opportunities.
• Director presence is stable with one current director, suggesting some continuity in management.

4. Due Diligence Notes:

• Obtain full profit and loss accounts or management accounts to evaluate revenue, gross margin, and expense trends.
• Investigate the causes of the negative working capital and any plans to improve liquidity, such as creditor negotiations or capital injections.
• Review any related party transactions or director loans that may impact financial stability.
• Assess market position and business model viability given limited financial resources and short operating history.