PROPS FLIGHT TRAINING LTD

Executive Summary

PROPS FLIGHT TRAINING LTD is a start-up micro business with negative net assets and no trading history, indicating weak financial strength and poor liquidity. Due to insufficient working capital and lack of operational data, the company currently poses a high credit risk and is unable to demonstrate capability to meet debt obligations. Ongoing monitoring of future accounts and cash flow development is essential before reconsidering credit support.

PROPS FLIGHT TRAINING LTD - Analysis Report

Company Number: 14820673

Analysis Date: 2025-07-29 12:17 UTC

1. Credit Opinion: DECLINE
   PROPS FLIGHT TRAINING LTD is a newly incorporated micro entity (incorporated April 2023) with a very short trading history and no employees. The latest accounts to April 2024 show negative net current assets of £3,344 and negative shareholders’ funds of the same amount, indicating that the company is currently undercapitalized and has a working capital deficit. This suggests an inability to meet short-term liabilities from available current assets. Absence of turnover or profit data and no evidence of cash reserves or external funding further weakens its credit profile. Given these points and the lack of financial track record, the company is high risk and unable to demonstrate capability to service debt or financial obligations at this stage.

2. Financial Strength:
   The balance sheet shows total net liabilities of £3,343 with no fixed or current assets disclosed beyond a nominal called-up share capital of £1. The net current liabilities position reflects insufficient liquidity to cover short-term debts. With no employees and no trading history, the company has no operational scale or asset base to support lending. The negative equity position indicates a reliance on shareholder funding or external capital injections to stay solvent.

3. Cash Flow Assessment:
   No information on cash flow, turnover, or profit generation is provided. Negative net current assets imply that current liabilities exceed current assets, putting pressure on liquidity. The absence of debtors or cash balances reported suggests limited working capital availability. Without evidence of positive cash inflows or capital reserves, the company’s short-term liquidity is weak, raising significant repayment risk.

4. Monitoring Points:

• Future filed accounts and trading performance to assess revenue generation and profitability
• Changes in net current assets and shareholders’ funds to monitor improvements in financial health
• Cash flow statements or bank information to evaluate liquidity trends
• Any new debt or credit facilities taken on and their servicing record
• Management actions on capitalization or funding to support working capital needs