Company Number: 13476978

Analysis Date: 2025-07-29 14:05 UTC

1. Credit Opinion: DECLINE. Parsonage Holdings Limited is classified as a non-trading company with no reported turnover or trading activity. The financial statements show persistent net current liabilities and negative shareholders' funds over the last three financial years. The company’s inability to generate positive net assets or working capital indicates a lack of financial strength and an inability to service any debt or credit obligations. Additionally, the absence of employees and income statements suggests no operational cash flow to support repayment capacity.

2. Financial Strength: The balance sheet reveals a consistently weak financial position. Fixed assets are nominal (£1), and current liabilities marginally exceed current assets, resulting in negative net current assets: -£3,219 at 30 June 2024, worsening from -£1,733 in prior years. Shareholders' funds remain negative (-£3,218), indicating accumulated losses or funding deficits. The company does not generate profits, holds no significant tangible assets, and has a declining asset base, pointing to insufficient capital buffer and financial fragility.

3. Cash Flow Assessment: No income statement or cash flow statement is provided, but the micro-entity accounts and the non-trading SIC code imply no operating revenues or cash inflows. Current liabilities slightly exceed current assets, indicating a working capital deficit. This suggests the company relies on external funding or shareholder support to meet short-term obligations. The negative working capital and lack of operational cash flow raise liquidity concerns and the risk of default on any credit facility.

4. Monitoring Points:

• Monitor any changes in trading status or SIC classification that indicate commencement of business activities.
• Track improvements in net current assets and shareholders' funds to assess capital infusion or profitability.
• Review any forthcoming accounts or management reports for evidence of operational cash flows.
• Observe director conduct and any external financing arrangements that could affect repayment risk.