PARKER SOVEREIGN GROUP LIMITED

Executive Summary

Parker Sovereign Group Limited currently faces high solvency and liquidity risks evidenced by negative shareholders’ funds and working capital deficits. While the company maintains regulatory compliance and active status, its operational viability appears weak with reported losses and no employees. Further due diligence on liabilities and operational strategy is recommended to assess the company’s ability to meet its obligations and sustain business activities.

PARKER SOVEREIGN GROUP LIMITED - Analysis Report

Company Number: 12763910

Analysis Date: 2025-07-20 12:48 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net current asset position and negative shareholders' funds as of the latest financial year, indicating solvency concerns. The limited cash balance relative to current liabilities further exacerbates liquidity risk.

2. Key Concerns:

• Solvency Risk: Shareholders’ funds are negative (£-1,610) and net current assets are negative (£-1,500) as at 31 July 2023, suggesting the company’s liabilities exceed its assets, which is a strong indicator of financial distress.
• Liquidity Concerns: Cash on hand is minimal (£1,149) compared to current liabilities (£2,649), indicating potential difficulty in meeting short-term obligations without additional financing.
• Operational Stability: The company reported a loss of £1,610 in the latest year with no employees, which raises questions about ongoing operational activity and business sustainability.

3. Positive Indicators:

• Compliance: All statutory filings, including accounts and confirmation statements, are up to date and not overdue, demonstrating regulatory compliance.
• Company Status: The company remains active and is not in liquidation, administration, or receivership.
• Director Stability: Only one director is listed with no evidence of disqualifications or governance issues.

4. Due Diligence Notes:

• Investigate the nature of current liabilities (£2,649) to determine if they are trade creditors or other obligations and their payment terms.
• Clarify the source of funding or plans to address the negative equity and working capital deficit.
• Understand the operational model given the absence of employees and recent loss; confirm if the company is trading or dormant in practice despite active status.
• Review the rationale behind the recent name change (from SKYE BLUE CAPITAL LIMITED to PARKER SOVEREIGN GROUP LIMITED) for any strategic or financial restructuring implications.
• Ascertain if there are any contingent liabilities or off-balance-sheet obligations not captured in the financial statements.