NYN PROPERTIES LTD

Executive Summary

NYN Properties Ltd demonstrates moderate financial risk primarily driven by persistent negative net current assets and high current liabilities funded by loans. The company’s investment property assets provide underlying support, and it maintains compliance with regulatory filings. Further examination of loan terms and cash flows is recommended to fully assess liquidity and solvency sustainability.

NYN PROPERTIES LTD - Analysis Report

Company Number: 13287165

Analysis Date: 2025-07-19 12:41 UTC

1. Risk Rating: MEDIUM
   The company shows some solvency concerns with negative net current assets and significant current liabilities relative to net assets. However, it holds investment property valued at over £433k, which supports asset backing. The company is current on filings and operational since 2021, but ongoing liquidity pressures and reliance on loans indicate moderate risk.

2. Key Concerns:

• Negative net current assets (£-402,573) for multiple years indicate working capital deficits and potential liquidity stress to meet short-term obligations.
• High current liabilities (£402,573) relative to modest net assets (£31,093) signal potential solvency challenges if asset realization is slow or impaired.
• Dependence on loans (£399,155) within current liabilities suggests external financing reliance, which could increase refinancing or default risk.

3. Positive Indicators:

• Ownership of tangible fixed assets (investment property) valued at £433,666 provides collateral and underlying asset strength.
• Directors and shareholders are stable with 50% ownership each by two British directors, indicating aligned governance and control.
• Compliance with filing deadlines for accounts and confirmation statements reflects good regulatory adherence.

4. Due Diligence Notes:

• Review terms and maturity profile of loans to assess refinancing risk and covenants.
• Verify the liquidity of the investment property and potential market value fluctuations affecting asset realizability.
• Examine cash flow statements or management accounts to understand operational cash generation versus financing needs.
• Investigate any contingent liabilities or off-balance sheet risks not evident in filleted accounts.
• Confirm if any related party transactions exist given small amounts owed to associated companies.