Company Number: 13739454

Analysis Date: 2025-07-29 13:32 UTC

1. Risk Rating: MEDIUM
   Rambo Properties Ltd shows some concerns related to solvency and leverage due to significant long-term finance lease obligations and a sharp decline in net assets within a short period. However, the company remains active with timely filings and no overdue statutory obligations, indicating operational continuity.

2. Key Concerns:

• Elevated Long-Term Lease Liabilities: The company has finance lease obligations of £40,881 due after more than one year as of 30 Nov 2023, which is substantial relative to net assets of only £1,451, risking solvency if income is insufficient.
• Declining Net Asset Position: Net assets decreased markedly from £4,517 in 2022 to £1,451 in 2023, signaling potential erosion of equity and financial strength.
• Concentration of Control and Limited Resources: The company has a single director and three significant controllers, all related, which may limit governance diversity and raise concerns on decision-making and financial support if needed.

3. Positive Indicators:

• Compliance with Filing Requirements: Accounts and confirmation statements are up to date with no overdue filings, indicating good regulatory compliance.
• Positive Net Current Assets: Despite tight liquidity, the company maintains positive net current assets (£2,628), suggesting short-term obligations can be met from current assets.
• Asset Base Including Tangible Fixed Assets: The company holds tangible fixed assets (£39,704) which provide some collateral value and operational base.

4. Due Diligence Notes:

• Review lease agreements underlying the £40,881 finance lease liability, including terms, payment schedules, and impact on cash flows.
• Assess income streams and turnover figures (not provided) to evaluate ability to service debt and lease obligations.
• Investigate the nature and collectability of the £35,000 debtors balance to confirm liquidity reliability.
• Clarify the reason for the sharp decline in net assets and whether this reflects losses, asset impairments, or increased liabilities.
• Examine director loans (£36,048) and their terms to understand intercompany or related party financing risks.
• Confirm governance arrangements given concentration of control among related parties.