Company Number: 13758145

Analysis Date: 2025-07-29 20:23 UTC

1. Credit Opinion: DECLINE
   Pumfreys Properties Ltd currently demonstrates significant financial weakness, with net liabilities of £2,937 as at 30 November 2023, and a severely negative working capital position of -£131,230. The dramatic deterioration from a net asset position of £1 in 2022 to negative territory in 2023 indicates poor financial management or operational challenges. The company’s ability to meet short-term obligations is doubtful given the current liabilities far exceed current assets. This raises concerns about repayment capacity and credit risk.

2. Financial Strength:
   The balance sheet shows fixed assets of £129,493, presumably property-related given the SIC code (other letting and operating of own or leased real estate), but current liabilities of £132,352 overshadow current assets (£789). The net current liabilities position is highly negative, reflecting poor liquidity. The overall net asset position has swung from positive to negative within one year, suggesting erosion of equity, possibly due to losses or increased borrowings. Shareholders’ funds are negative, indicating insolvency on a balance sheet basis.

3. Cash Flow Assessment:
   The extremely low current assets and high current liabilities imply severe cash flow constraints. The company’s working capital deficit suggests it cannot cover short-term debts without additional financing or asset disposals. Absence of detailed profit & loss data limits deeper analysis, but the balance sheet alone highlights liquidity risk. The company’s micro-entity classification and limited capital further restrict access to external funding, increasing vulnerability.

4. Monitoring Points:

• Monitor any changes in current liabilities and whether the company can reduce or refinance these obligations.
• Watch for improvements in cash or receivables that may ease liquidity pressure.
• Track operational performance and profitability to determine if losses are continuing.
• Review director actions and financial strategy for remedial measures.
• Confirm compliance with filing deadlines and regulatory obligations to avoid penalties.