ROGERS CARPENTRY SOLUTIONS LTD

Executive Summary

ROGERS CARPENTRY SOLUTIONS LTD shows signs of financial distress with negative working capital and a significant drop in net assets in the latest year, raising concerns over its solvency and liquidity. While the company is compliant with filing requirements and maintains stable directorship, further investigation into its operational viability and cash flow management is recommended before investment consideration.

ROGERS CARPENTRY SOLUTIONS LTD - Analysis Report

Company Number: 13302701

Analysis Date: 2025-07-20 13:51 UTC

1. Risk Rating: HIGH
   The company exhibits a significant deterioration in financial health during the latest reported year, with negative net current assets and a steep decline in net assets. The financials suggest potential solvency and liquidity issues despite the absence of overdue filings.

2. Key Concerns:

• Negative Working Capital: As of 31 March 2024, current liabilities (£9,757) exceed current assets (£7,405) resulting in negative net current assets (-£2,352), indicating potential short-term liquidity problems.
• Declining Net Assets: Net assets dropped sharply from £13,229 in 2023 to £2,765 in 2024, representing erosion of shareholder equity and potential solvency risk.
• Minimal Share Capital & Employees: Share capital is nominal (£1.00) and the company has zero employees in 2024, raising questions about operational scale and sustainability.

3. Positive Indicators:

• Compliance: The company is up to date with statutory filings and accounts, with no overdue returns or accounts, indicating good regulatory compliance.
• Active Status & Director Stability: The company remains active with a single director, Mr. Bradley Rogers, who has been in place since incorporation, suggesting continuity in management.
• Micro Entity Classification: As a micro entity, the company benefits from simplified reporting requirements and potentially lower administrative costs.

4. Due Diligence Notes:

• Investigate the reasons behind the sharp decline in net assets and negative working capital, including any unusual transactions or losses in the latest financial year.
• Clarify the company’s operational model and revenue streams given the absence of employees and the discrepancy between the SIC code (Motion picture production) and company name (Carpentry Solutions).
• Assess cash flow forecasts and creditor arrangements to understand how the company is managing its short-term obligations.
• Confirm the nature and extent of any related party transactions or director loans that might affect financial stability.
• Verify that no director disqualification or regulatory compliance issues exist beyond the data provided.