PLANBEE LTD.

Risk Rating: HIGH Justification: PlanBee Ltd. exhibits severe and chronic balance sheet insolvency, with net assets of -£181,654 and shareholders' funds of -£486,645 as of August 2025. The company suffers from a critical liquidity deficit, with current liabilities exceeding current assets by nearly fivefold, indicating an absolute reliance on creditor forbearance—likely from related parties—to continue trading.

Key Concerns: * Chronic Insolvency: The company has reported negative net assets and heavily negative shareholders' funds consistently for at least the past eight years. The accumulated profit and loss reserve stands at a deficit of -£486,645, demonstrating a long-term inability to generate or retain sufficient profitability to service its capital structure. * Acute Liquidity Crisis: As of 31 August 2025, current liabilities (£217,406) vastly exceed current assets (£46,436). The resulting net current liability of -£170,970 leaves the business with virtually no working capital and an inability to cover short-term obligations from normal operating cash flows or asset realization. * Omission of Profit & Loss Data: The directors have elected not to include the profit and loss account within the filed financial statements. This obscures the trading profitability and cash generation of the underlying business, making it impossible to determine if the core operations (absent the debt burden) are viable.

Positive Indicators: * Regulatory Compliance: The company is fully up to date with its statutory filing requirements. Accounts for the year ending 31 August 2025 were filed on time, and confirmation statements are current, with no overdue flags. * Debt Reduction: There has been a noticeable reduction in total liabilities, which fell from £297,788 in 2024 to £239,494 in 2025. Current creditors due within one year dropped from £297,788 to £217,406, suggesting either debt repayment, forgiveness, or reclassification to long-term. * Operational Longevity: Despite persistent insolvency, the company has maintained active status and continuous operations since 2011, and cash at bank actually increased from £20,796 to £27,140, suggesting the business continues to operate and generate or receive cash.

Due Diligence Notes: * Nature of Liabilities: It is critical to ascertain who the creditors are. Given the registered office is "C/O Kelvin Capital Ltd" and Kelvin Capital Limited is listed as a Person with Significant Control (PSC), it is highly probable that the outstanding liabilities represent related-party loans or director funding. If these debts are soft capital, the insolvency risk is mitigated by creditor forbearance; if they are hard third-party debts, insolvency proceedings are a imminent threat. * Going Concern Basis: The accounts do not explicitly show a going concern note in the extracted text. Given the net current liabilities, an investor must confirm whether the directors have provided a going concern statement and what assurances (e.g., letters of support) exist from shareholders/creditors to guarantee the company's survival for at least 12 months. * Debtor Fluctuation: Debtors dropped dramatically from £74,701 in 2024 to £18,946 in 2025. It is necessary to investigate whether the 2024 figure represented an abnormal one-off receivable or if 2025 represents a concerning collapse in trade debtor bookings. * Intangible Asset Addition: The company added £4,950 in intangible assets (website) in 2025. Given the cash constraints, capital expenditure on intangibles should be reviewed to ensure it represents a necessary operational investment rather than cash mismanagement.