RPGB PROPERTIES LTD

Executive Summary

RPGB Properties Ltd, a recently incorporated micro-entity operating in real estate letting, shows significant financial stress with negative net assets and working capital deficits. While regulatory filings are current and directors are stable, the company’s early financials raise material solvency and liquidity concerns that require further due diligence to evaluate operational sustainability. Investors should exercise caution and seek additional financial information before proceeding.

RPGB PROPERTIES LTD - Analysis Report

Company Number: 15126984

Analysis Date: 2025-07-20 12:33 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, evidenced by net current liabilities substantially exceeding current assets and an overall negative net asset position within its first financial year.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: With net current liabilities of £326,157 against current assets of £52,055, the company’s working capital position is deeply negative, indicating potential difficulties in meeting short-term obligations.
• Loss of Shareholders’ Funds: Shareholders’ funds are negative at £12,534, reflecting accumulated losses or capital erosion shortly after incorporation, raising questions about the initial capitalization and financial sustainability.
• Micro-Entity Filing and Lack of Audit: The company filed under micro-entity provisions without audit or a profit and loss account, limiting transparency on operational performance and cash flow, which impedes thorough financial assessment.

3. Positive Indicators:

• Timely Filing Compliance: Accounts and confirmation statements are filed on time, showing regulatory compliance and governance discipline.
• Directors’ Stability and Control Structure: The company has two directors with clear ownership and voting rights, suggesting an established management structure without apparent governance conflicts.
• Asset Base: Fixed assets of £318,775 indicate some tangible capital investment, which could support future revenue generation or refinancing options.

4. Due Diligence Notes:

• Investigate details behind the negative current liabilities and whether these include related party loans or accrued expenses that might be restructured.
• Review the nature and valuation of fixed assets to confirm their realizable value and potential liquidity.
• Obtain internal management accounts or cash flow forecasts to assess operational viability beyond the limited statutory accounts.
• Clarify the reasons for negative shareholders’ funds so early in the company’s life, including any initial losses or capital withdrawals.
• Confirm the absence of any director disqualifications or regulatory issues given the company’s new status.