PROPERTY EXPLORE LTD

Executive Summary

PROPERTY EXPLORE LTD exhibits persistent negative net current assets and net liabilities with no signs of operational growth or asset base development, resulting in a fragile financial position. The company’s inability to generate positive working capital or equity undermines its capacity to service debt, leading to a credit decline recommendation. Close monitoring of financial trends and company filings is advised to detect any changes in creditworthiness.

PROPERTY EXPLORE LTD - Analysis Report

Company Number: 13119647

Analysis Date: 2025-07-20 12:04 UTC

1. Credit Opinion: DECLINE
   PROPERTY EXPLORE LTD presents a concerning credit profile. The company’s financials show persistent negative net current assets (working capital deficit of £2,978) and negative net assets of the same amount, which has remained unchanged over four years. This suggests ongoing liquidity constraints and insufficient buffer to meet short-term obligations. The absence of fixed assets and minimal share capital (£1) further weakens the balance sheet. Without operational employees and no evidence of profitability or cash flow generation, the company’s ability to service debt or sustain commercial credit is doubtful. The lack of growth or improvement over multiple years heightens risk.

2. Financial Strength:
   The company’s balance sheet is weak, with current liabilities exceeding current assets by £2,978 consistently for four years. Net assets are negative, reflecting a technically insolvent position. Fixed assets are nil, indicating no long-term investments or collateral. Equity is minimal and negative, showing that the company has either accumulated losses or liabilities exceeding assets. The micro-entity status limits reporting detail but the static nature of these figures and lack of operational scale indicate fragile financial health.

3. Cash Flow Assessment:
   There is no reported positive working capital and no employees, implying minimal business activity or revenue generation. The current liabilities slightly exceed current assets, signaling potential liquidity issues and difficulty covering short-term payables. No cash or equivalents details are provided, but the overall position suggests tight cash flow management is required. The company likely relies on external funding or director support to meet obligations, which is not sustainable for credit provision.

4. Monitoring Points:

• Monitor any changes in working capital and net assets to detect improvement or further deterioration.
• Review upcoming filed accounts and confirmation statements for operational developments or new financing.
• Track director and management actions for any indications of restructuring or capital injection.
• Watch for overdue filings or changes in company status that could signal distress.