PARISH HOLDINGS 1 LIMITED

Executive Summary

Parish Holdings 1 Limited demonstrates a stable but modest financial position with positive net assets growth and manageable short-term liquidity. The company’s asset-backed balance sheet and absence of compliance issues support creditworthiness, though significant long-term liabilities require careful monitoring. Continued rental income stability and prudent debt management will be critical to maintaining repayment capacity.

PARISH HOLDINGS 1 LIMITED - Analysis Report

Company Number: 14007410

Analysis Date: 2025-07-29 20:49 UTC

1. Credit Opinion: APPROVE with caution. Parish Holdings 1 Limited is a micro private limited company engaged in real estate letting. The company is active, with no overdue filings and a single director who holds full control. Financials indicate modest net assets with growth from £22k to £61k over two years, showing some capital build-up. However, current liabilities remain significant (£500k) relative to current assets (£169k), implying working capital constraints. The company’s ability to service debt depends on the nature of these liabilities and rental income stability. No adverse director conduct or insolvency indicators are present.

2. Financial Strength: The company’s balance sheet is asset-backed, with fixed assets (likely property) at around £528k and net assets of £61.5k as of March 2024, up from £22k in 2023. The increase in net assets suggests some retained earnings or upward asset valuation. However, current liabilities are substantial at £500k, primarily long-term debt. Net current assets have improved from £6.7k to £33.6k but remain modest for operational buffer. The equity base is small but positive, consistent with a micro-entity in early growth stages.

3. Cash Flow Assessment: Current assets of £169k versus current liabilities of £135k yield a positive net working capital of £33.6k, indicating short-term liquidity is manageable. The company had one employee on average, suggesting low overheads. Cash flow will depend heavily on rental income from real estate holdings and debt servicing costs. The sizeable long-term creditor figure (£500k) warrants scrutiny to confirm repayment terms and impact on liquidity. Overall, the company appears able to meet short-term obligations but may be vulnerable if rental income or refinancing options weaken.

4. Monitoring Points:

• Track rental income consistency and tenant occupancy rates to assess cash inflows.
• Monitor covenant compliance and repayment schedule on the £500k long-term liabilities.
• Watch net current assets and liquidity ratios to ensure short-term obligations remain covered.
• Review any changes to director or ownership structure that may affect governance or control.
• Observe future filings for any material changes in asset valuations or liabilities.
• Assess impact of macroeconomic factors, especially real estate market conditions, on business resilience.