SAMS PROPERTIES LIMITED

Executive Summary

SAMS PROPERTIES LIMITED displays a high risk profile due to net liabilities, significant long-term debt, and limited liquidity, which may challenge its ability to meet obligations. However, the company maintains compliance with filing requirements and stable leadership. Further examination of creditor terms, cash flow, and operational viability is recommended to clarify the sustainability of the business.

SAMS PROPERTIES LIMITED - Analysis Report

Company Number: SC711106

Analysis Date: 2025-07-29 12:57 UTC

1. Risk Rating: HIGH
   The company shows signs of financial strain with net liabilities reflected in the latest accounts and minimal working capital. The presence of significant long-term creditors exceeding fixed assets and negligible current assets raises concerns about solvency and liquidity.

2. Key Concerns:

• Negative Net Assets: The 2023 accounts indicate net liabilities of £142, a deterioration from prior years, suggesting the company’s liabilities exceed its assets.
• High Long-Term Creditors: Creditors due after more than one year amount to £145,092, surpassing fixed assets (£145,284) and current assets combined, indicating heavy reliance on external financing or debt.
• Minimal Liquidity: Current assets remain very low (£1,666) with current liabilities nearly equal in magnitude (£2,000), resulting in a negative net current asset position (-£334), which could impede meeting short-term obligations.

3. Positive Indicators:

• Active Status with Timely Filings: The company is active, not in liquidation, and filings (accounts and confirmation statement) are current with no overdue notices.
• Micro-Entity Filing Compliance: The company benefits from micro-entity accounting provisions, suggesting manageable reporting obligations in line with its size.
• Stable Ownership and Directorship: Directors and persons with significant control are consistent since incorporation, indicating stable governance.

4. Due Diligence Notes:

• Clarify Nature and Terms of Creditors: Investigate the composition of the £145,092 long-term creditors to understand repayment schedules and creditor identity (e.g., related parties, financial institutions).
• Cash Flow Assessment: Request management accounts or cash flow forecasts to assess liquidity beyond balance sheet snapshots.
• Business Model and Revenue Generation: Review the company’s operational performance, revenue streams, and sustainability given the micro-entity scale and sector (real estate letting).
• Director and Shareholder Background Checks: Though no disqualifications are noted, further background on directors and shareholders may provide insight into governance and risk profile.
• Potential Contingent Liabilities: Since the accounts are minimal, confirm if there are any off-balance sheet liabilities or ongoing disputes.