NURSEY GROUP LTD

Executive Summary

Nursey Group Ltd exhibits significant financial distress evidenced by the erosion of net assets and absence of current assets or liabilities, coupled with a classification as a non-trading company. While compliance with filing requirements is maintained, the lack of operational activity and liquidity poses high solvency and sustainability risks. Further investigation is warranted to clarify the company's current trading status and recent financial restructuring.

NURSEY GROUP LTD - Analysis Report

Company Number: 13007105

Analysis Date: 2025-07-19 12:12 UTC

1. Risk Rating: HIGH
   The company shows a complete erosion of net assets and shareholder funds, moving from a negative equity position in prior years to zero net assets in the latest accounts. Absence of current assets and liabilities at the most recent year-end raises concerns about operational continuity.

2. Key Concerns:

• Solvency Deterioration: The balance sheet indicates a transition from negative net assets (£26,624 deficit) to zero assets and liabilities, suggesting possible write-off or cessation of trading activities but no clear indication of recovery or recapitalization.
• Lack of Liquidity: No current assets or liabilities in the latest year, implying no cash or receivables to support operations or meet obligations. This is a liquidity red flag.
• Operational Ambiguity: The SIC code classifies the company as a "Non-trading company," and there is no indication of business activity or turnover, which questions ongoing viability and sustainability.

3. Positive Indicators:

• Compliance Up to Date: All filings, including accounts and confirmation statements, are current with no overdue submissions, reflecting regulatory compliance.
• Single Controlling Person: Clear ownership by a single individual (Mr Aaron Jack Nursey), which may facilitate swift decision-making.
• Micro-entity Status: Reduced filing complexity and costs, indicating the company is small and possibly manageable in scale.

4. Due Diligence Notes:

• Investigate the reason behind the complete elimination of liabilities and assets in the latest accounts—was there debt forgiveness, asset disposal, or cessation of trading?
• Confirm the current operational status since the SIC code indicates non-trading; assess if the company is dormant or in the process of restructuring.
• Clarify the purpose and business model post-name change from "VALETING VAULT LTD" to "NURSEY GROUP LTD" and the impact on financials.
• Review director changes (notably the recent resignation of a director and secretary) for potential governance issues or shifts in strategy.
• Assess cash flow history and any intercompany transactions not visible in accounts.