PULLAN PROPERTY MANAGEMENT LTD

Executive Summary

PULLAN PROPERTY MANAGEMENT LTD exhibits extremely weak financial position with net assets dropping to a nominal £2 in the latest year, reflecting critical liquidity and operational concerns. The company’s minimal asset base and tight working capital leave it unable to comfortably service debt or absorb financial shocks. Credit extension is not advised without significant improvement in financial stability and cash flow.

PULLAN PROPERTY MANAGEMENT LTD - Analysis Report

Company Number: 14518347

Analysis Date: 2025-07-20 17:16 UTC

1. Credit Opinion: DECLINE
   PULLAN PROPERTY MANAGEMENT LTD is a very recently incorporated micro-entity with minimal net assets (£2 as of November 2024) and extremely limited working capital. The drastic deterioration from £5,995 net assets in 2023 to just £2 in 2024 raises concerns about its financial viability and ability to service debt or meet commercial obligations. The company is effectively operating on a break-even or marginal basis with negligible buffer for unforeseen expenses or downturns. Given the very low asset base and lack of financial depth, extending credit would be high risk at this stage.

2. Financial Strength:
   The balance sheet shows a sharp decline in net current assets from £5,995 in 2023 to only £2 in 2024, indicating either significant outflows or loss of capital. Total net assets mirror this decline. The company holds minimal current assets (£2,795) barely covering current liabilities (£2,793). There are no fixed assets reported, limiting collateral value. Overall, the financial strength is extremely weak with no meaningful equity cushion.

3. Cash Flow Assessment:
   The negligible net current assets suggest very tight liquidity and working capital management. With current assets and liabilities roughly equal, the firm has almost no liquidity buffer. The accounts do not provide detailed cash flow statements, but the drop in net assets suggests cash drains or expenses have depleted reserves. The business appears to be in a fragile cash position, which impairs its ability to withstand payment delays or increased working capital requirements.

4. Monitoring Points:

• Watch for subsequent filings to see if the net asset position stabilizes or improves.
• Monitor cash balances and short-term liabilities closely to avoid liquidity strain.
• Review any incoming revenue streams or contracts that could strengthen cash flow.
• Track director actions and any changes in control or capital injections.
• Assess if any operational restructuring or cost controls are implemented to restore financial health.