Company Number: NI686296

Analysis Date: 2025-07-20 15:08 UTC

1. Credit Opinion: DECLINE

PROPERTLY LTD demonstrates significant financial weakness as per its latest accounts for the year ended 31 March 2024. The company shows a negative net asset position (£-81,048), indicating liabilities exceed assets by a substantial margin. Furthermore, the accounts reveal long-term creditors of £313,748 with no current assets or working capital to cover any immediate obligations. This financial structure suggests a high risk of insolvency or inability to meet debt repayments on time. The absence of current assets and zero employees also raises concerns about operational activity and cash generation capacity. Given the company’s micro-entity status and the negative equity, it is not currently creditworthy for any lending or extended trade credit without substantial guarantees or restructuring.

2. Financial Strength:

The balance sheet reveals fixed assets of £232,700, which are presumably real estate holdings, but these are heavily leveraged with long-term liabilities of £313,748. No current assets or cash balances are reported, and current liabilities are shown as zero, which may reflect timing or classification issues but does not mitigate the overall weak liquidity. The net asset deficit and negative shareholders’ funds underscore solvency concerns. The company has no employees and appears to be in a holding or investment phase but with inadequate financial buffer to sustain operations or absorb financial shocks.

3. Cash Flow Assessment:

No current assets, including cash or receivables, are reported. This implies no readily available liquidity to cover short-term expenses or service debt. The negative net asset value and large creditor balances indicate cash flow strain. The company’s ability to generate operational cash flow is uncertain given no reported employees or trading details. Without external capital injections or asset disposals, the company is unlikely to meet its liabilities as they come due.

4. Monitoring Points:

• Monitor any changes in asset base or revaluation of real estate holdings.
• Watch for capital restructuring or new equity injections that could improve net asset position.
• Track creditor agreements, particularly the terms of the long-term liabilities.
• Review future filings for evidence of operational activity or revenue generation.
• Assess director actions regarding solvency status and any potential insolvency filings.