Company Number: 14923337

Analysis Date: 2025-07-19 12:05 UTC

1. Credit Opinion: DECLINE
   Roje Properties Limited shows significant balance sheet weakness with net liabilities of £7,994 shortly after incorporation. The company holds fixed assets in investment property valued at £686,676 but this is heavily leveraged through director loan accounts amounting to £708,282, which dominate current liabilities. The negative net current assets of -£694,670 indicate liquidity pressure and limited working capital. Given the short trading history (just over 1 year), negative equity position, and reliance on director loans, the capacity to service external debt is uncertain and credit risk is elevated.

2. Financial Strength:
   The company's financial position is fragile. While it has investment properties recorded at £686,676, these are offset by high current liabilities, particularly director loan accounts (£708,282). Net assets and shareholders' funds are negative, reflecting losses or initial funding structure. The company is micro-sized with only 2 employees and no reported turnover or profit figures disclosed in available data, limiting evidence of operational profitability or growth. No audited accounts have been filed, and the company has taken exemption from audit.

3. Cash Flow Assessment:
   Cash at bank is minimal at £17,334 compared to current liabilities of over £712k, leading to a significant working capital deficit. The reliance on director loans suggests dependency on related-party funding rather than robust external cash flow generation. Without turnover or profit data, cash flow from operations cannot be verified, increasing repayment risk. The current liquidity position does not support meeting near-term liabilities without additional financing or asset disposals.

4. Monitoring Points:

• Turnover and profit development in the next accounting period to assess operational viability
• Changes in director loans and external borrowing levels
• Cash flow statements for evidence of positive operating cash generation
• Any asset revaluations or disposals impacting net asset value
• Timely filing of subsequent accounts and confirmation statements
• Directors’ ongoing financial support and any plans for equity injection