NEXT HAVEN PROPERTY MANAGEMENT LLP

Executive Summary

Next Haven Property Management LLP presents a strong asset base supported by investment property but is in an early stage with limited operating history. The company’s liquidity position is tight, and cash flow visibility is limited, warranting conditional credit approval with ongoing monitoring of financial performance and cash flows. Continued compliance and transparency will be critical to building credit confidence over time.

NEXT HAVEN PROPERTY MANAGEMENT LLP - Analysis Report

Company Number: OC450475

Analysis Date: 2025-07-29 12:35 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Next Haven Property Management LLP is a newly incorporated small LLP with a clean filing record and no overdue returns or accounts. It holds significant investment property assets valued at £1.36 million, which strengthens its collateral base. However, the absence of a profit and loss account and limited financial history restricts a full assessment of operational profitability and cash generation. The small net current assets (£439) and modest debtor balance suggest limited liquidity buffers, warranting close monitoring of cash flow and working capital management. Credit approval should be conditional on obtaining periodic cash flow forecasts and confirmation of income streams from the investment property.

2. Financial Strength:
   The LLP’s balance sheet shows strong fixed asset backing through investment property valued at £1.36 million, which represents the major portion of its assets. Current assets (debtors) stand at £2,479, with current liabilities at £2,040, leaving a small positive net working capital position of £439. Member loans of £439 are recorded, indicating some internal funding. Overall net assets equal approximately £1.36 million, showing solid capitalisation for a startup property management business. The absence of long-term liabilities is positive, reducing financial leverage risk.

3. Cash Flow Assessment:
   Current assets and liabilities are nearly balanced, with a minimal net current asset surplus, which implies tight liquidity. The small debtor amount suggests limited working capital tied up in receivables, but also signals low operational turnover. The LLP’s cash flow capacity is not explicitly disclosed but needs to be closely evaluated given the early stage of operations and lack of historical income data. The reliance on member loans as a short-term funding source is noted but not substantial. Cash flow forecasts and confirmation of rental or management income from investment properties should be requested to ensure debt servicing ability.

4. Monitoring Points:

• Timely filing of next accounts and confirmation statements to maintain compliance and transparency.
• Development of a track record of profitability and cash flow generation from property management activities.
• Liquidity metrics, especially net current assets and debtor aging, to detect any cash flow strains.
• Changes in investment property valuation and occupancy or rental income status.
• Stability and conduct of designated members, particularly Mr. David Alan Isaacs, for governance oversight.