Company Number: 13016080

Analysis Date: 2025-07-20 14:19 UTC

1. Risk Rating: MEDIUM

Justification: PGB Ventures Limited shows substantial fixed assets primarily in investment property (£694,739 as of 2023) and positive net assets (£444,193), reflecting a solid asset base. However, the company consistently reports significant net current liabilities (~£267k), indicating short-term liquidity pressure. The absence of employees and limited operational data restricts assessment of ongoing business viability. Financial statements are unaudited but filed timely, with no overdue filings or compliance issues.

2. Key Concerns:

• Liquidity Risk: Persistent net current liabilities exceeding £260k suggest the company may face challenges meeting short-term obligations without relying on asset sales or refinancing.
• Operational Sustainability: The company has no employees and limited current assets (cash approx. £14,700), raising questions about operational cash flow generation and ongoing trading activities.
• Fair Value Fluctuations: The investment property valuation declined by approximately £23k in the latest year, reducing the fair value reserve and net assets, which may indicate exposure to market risks in property valuation.

3. Positive Indicators:

• Strong Asset Base: Significant fixed assets and net assets demonstrate underlying financial strength and collateral value.
• Timely Compliance: All statutory accounts and confirmation statements are filed on time, evidencing good regulatory compliance.
• Clear Ownership and Governance: Single director and major shareholder, Mr. Paul George Billingham, with full control, providing transparent decision-making.

4. Due Diligence Notes:

• Investigate short-term liabilities composition to determine whether they are related to trade creditors, loans, or tax obligations and assess repayment terms.
• Review operational cash flows and income statement (not filed publicly) to understand profitability and cash generation capacity.
• Confirm valuation methodology and assumptions for investment properties and monitor potential volatility or impairment risks.
• Assess any contingent liabilities or off-balance sheet obligations not disclosed in current filings.
• Clarify the company’s business model and revenue sources given lack of employees and limited current assets.