PATTISON PROPERTIES LIMITED

Executive Summary

Pattison Properties Limited demonstrates a high-risk profile primarily due to sustained negative net assets and significant long-term liabilities exceeding asset values, which raises solvency and liquidity concerns. While the company complies with filing requirements and maintains a fixed asset base, limited current assets and working capital deficits indicate operational financial stress. Further investigation into creditor terms, cash flows, and management strategies is recommended for a comprehensive risk assessment.

PATTISON PROPERTIES LIMITED - Analysis Report

Company Number: 13567960

Analysis Date: 2025-07-29 15:53 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency risk, evidenced by persistent negative net assets and shareholders’ funds over multiple years. The large long-term creditor balance compared to minimal current assets suggests difficulty in meeting liabilities, raising concerns about financial stability.

2. Key Concerns:

• Negative Net Assets: The company has reported negative equity (£-41,870 in 2024), indicating accumulated losses and potential insolvency risk.
• High Long-Term Liabilities: Creditors due after more than one year remain consistently high (£250,995), substantially exceeding both fixed and current assets, which may impair the company’s ability to service debt.
• Minimal Liquidity: Current assets are negligible (£345), while current liabilities are substantial (£128,084), resulting in a significant working capital deficit (net current liabilities of £-127,739), highlighting liquidity constraints.

3. Positive Indicators:

• Timely Compliance: The company’s accounts and confirmation statements are up to date with no overdue filings, indicating regulatory compliance.
• Stable Director Structure: The directors have been consistent since incorporation, with clear ownership control, which may facilitate decision-making.
• Asset Base: The company holds fixed assets valued at approximately £337k, which could potentially be leveraged or sold to improve financial standing.

4. Due Diligence Notes:

• Examine Nature of Long-Term Creditors: Clarify the composition and terms of the £250,995 long-term liabilities to assess refinancing risk or potential restructuring needs.
• Profit and Loss Information: Obtain detailed P&L accounts to understand ongoing profitability or losses, as this is omitted from the micro-entity accounts.
• Cash Flow Analysis: Review cash flow statements (if available) or bank statements to evaluate operational liquidity and ability to meet short-term obligations.
• Directors’ Plans: Investigate any strategic plans or capital injections by shareholders to address negative equity and liquidity issues.
• Audit Exemption Implication: Consider the impact of unaudited accounts on reliability of financial data.