Company Number: 14017091

Analysis Date: 2025-07-29 16:36 UTC

1. Credit Opinion: DECLINE
   ONOCO PROPERTIES LTD shows persistent negative net current assets and shareholders' funds over its three reported years, indicating weak financial footing and inability to cover short-term liabilities. The absence of turnover or fixed assets and recurring negative working capital reflect minimal business activity and poor liquidity. Without evidence of revenue generation or capital injection, the company lacks capacity to service debt or meet commercial obligations reliably.

2. Financial Strength:
   The balance sheet reveals a micro-entity with zero fixed assets and current liabilities exceeding current assets by £600 as at 31 March 2024, similar to prior years. Net liabilities and negative equity suggest ongoing losses or undercapitalization. No provisions or long-term liabilities indicate little complexity but also minimal financial buffer. The company’s financial trajectory is flat to negative, with no growth indicators or asset accumulation.

3. Cash Flow Assessment:
   Current assets are limited to £16,956 primarily comprising cash or equivalents, but current liabilities stand at £17,556, creating a liquidity shortfall. The company’s inability to generate turnover or positive cash flow raises concerns about its operational viability and working capital management. There is no evidence of external funding or capital injections to bridge this gap.

4. Monitoring Points:

• Turnover and profitability trends in the next accounts cycle.
• Changes in working capital, particularly improvement in net current assets.
• Any capital injections or director loans to improve liquidity.
• Management’s plans to generate revenue or restructure liabilities.
• Timeliness and completeness of statutory filings.