RDVF EXPRESS LTD

Executive Summary

RDVF EXPRESS LTD shows high financial risk due to persistent negative equity, poor liquidity, and operating losses despite being up to date with statutory filings. The company’s current financial position and minimal turnover raise concerns about its ability to meet obligations and sustain operations without significant intervention. Further due diligence is necessary to evaluate creditor terms, cash flow, and business viability.

RDVF EXPRESS LTD - Analysis Report

Company Number: 13115301

Analysis Date: 2025-07-20 15:27 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns as evidenced by persistent negative net assets and net current liabilities. Its minimal turnover and escalating losses raise substantial operational sustainability issues.

2. Key Concerns:

• Negative equity worsening from -£2,920 (2023) to -£1,589 (2024), indicating ongoing erosion of shareholder funds and financial distress.
• Severe liquidity constraints with net current liabilities of £118 (2024) and £28 (2023), suggesting potential cash flow difficulties to meet short-term obligations.
• Substantial losses in the latest year (-£6,532) despite low turnover (£125), pointing to an unsustainable cost structure and operational inefficiency.

3. Positive Indicators:

• Compliance with statutory filing requirements is current with no overdue accounts or confirmation statements, indicating good regulatory adherence.
• The company has remained active since incorporation in 2021 without entering insolvency procedures such as liquidation or administration.
• The director is consistent and singular, which may facilitate decision-making and accountability.

4. Due Diligence Notes:

• Investigate the nature and terms of the significant creditors falling due after more than one year (£1,573 in 2024) to assess repayment risk and potential restructuring.
• Review underlying reasons for drastic revenue decline from £1,224 to £125 and the significant increase in staff costs despite minimal turnover to understand operational challenges.
• Confirm cash flow statements and any available management accounts to evaluate liquidity trends beyond balance sheet snapshots.
• Assess any contingent liabilities or off-balance sheet exposures not disclosed in the accounts.
• Clarify the business model and market environment for its SIC code (33170: Repair and maintenance of other transport equipment) to determine sustainability prospects.