Company Number: 13278237

Analysis Date: 2025-07-20 16:16 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   OTH Properties Limited shows signs of financial stress with net current liabilities of £3,100 and negative shareholders' funds of £3,200 as at 31 March 2024. The company has a very short trading history since incorporation in 2021, and recent changes in directors and company name suggest some restructuring. However, the director confirms adequate working capital and going concern status. Approval is recommended on a conditional basis, requiring close monitoring of liquidity improvements and timely filing of future accounts.

2. Financial Strength:
   The company’s balance sheet reveals weak financial strength. There are no fixed assets disclosed, and current assets are limited to debtors of £30,100, offset by current liabilities of £33,200. Negative net assets and retained losses indicate accumulated deficits. The minimal share capital (£100) and absence of tangible assets reduce financial resilience. Overall, the company is undercapitalized and reliant on ongoing director support or external financing.

3. Cash Flow Assessment:
   Liquidity is currently strained, with a working capital deficit of £3,100. The debtors balance increased substantially from £100 to £30,100 over the last year, which may indicate uncollected receivables or related party balances rather than cash availability. No cash or bank balances are reported, which raises concern about immediate liquidity to meet short-term obligations. The absence of employees and limited operational scale suggest low operating cash inflows.

4. Monitoring Points:

• Track improvements in net current assets and cash balances in subsequent filings.
• Monitor debtor collection periods and quality of receivables to assess real liquidity.
• Review any director loans or related party transactions that may support working capital.
• Observe any further changes in management or company structure that impact credit risk.
• Ensure continued compliance with filing deadlines to avoid penalties and regulatory risk.