Company Number: 14015094

Analysis Date: 2025-07-29 15:17 UTC

1. Risk Rating: HIGH
   Nanu Properties Limited exhibits a high risk profile primarily due to persistent negative net assets, significant current liabilities exceeding current assets, and ongoing net liabilities that have increased over the reviewed period. These indicators suggest solvency and liquidity challenges.

2. Key Concerns:

• Negative Net Assets: The company’s net liabilities have deepened from £-8,111 in 2023 to £-16,562 in 2024, signaling erosion of shareholder equity and potential insolvency risk.
• Working Capital Deficit: Net current liabilities have worsened from approximately £-150k to £-192k, indicating liquidity stress and potential difficulties in meeting short-term obligations.
• No Employees or Operational Scale: The company reports zero employees beyond the director and is classified as a micro-entity, raising concerns about operational capacity and sustainability.

3. Positive Indicators:

• Fixed Asset Base Growth: Fixed assets increased slightly from £424k to £450k, suggesting some investment in property assets consistent with its real estate SIC codes.
• Compliance: The company is current with its statutory filings and accounts, indicating good regulatory compliance and governance on reporting deadlines.
• Single Controlling Shareholder/Director: The sole director and 75-100% shareholder ensures clear decision-making authority, which may facilitate swift strategic actions if needed.

4. Due Diligence Notes:

• Nature and Valuation of Fixed Assets: Investigate the composition and market value of fixed assets to assess if they are encumbered or impaired, and their liquidity in a distress scenario.
• Debt Structure and Covenants: Review the terms, maturities, and interest obligations of both current and long-term liabilities to understand refinancing risks and cash flow burdens.
• Business Model Viability: Clarify revenue generation sources and cash flow forecasts given the absence of employees and continued losses, to evaluate operational sustainability.
• Director’s Plans: Engage with the director to understand any planned capital injections, restructuring, or strategic initiatives to address the negative equity and liquidity issues.