SAS CORPORATE LTD

Executive Summary

SAS Corporate Ltd shows a deteriorating financial position with negative net assets and a working capital deficit as of March 2024, signaling high solvency and liquidity risk. While statutory filings are current and the company remains active, the absence of employees and minimal capital raise concerns about operational sustainability. Further investigation into the causes of financial decline and cash flow management is recommended before considering investment exposure.

SAS CORPORATE LTD - Analysis Report

Company Number: 12534782

Analysis Date: 2025-07-20 12:53 UTC

1. Risk Rating: HIGH
   The company exhibits clear signs of financial distress as of the latest accounts. It has net current liabilities of £90 and negative net assets of the same amount, indicating insolvency on a balance-sheet basis. The small scale and micro-entity classification limit detailed financial disclosures, but the available data suggest solvency and liquidity risks.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: The company’s current liabilities exceed current assets by £90, which raises immediate concerns about its ability to meet short-term obligations.
• No Employees and Minimal Share Capital: With no employees reported and share capital of only £10, the company’s operational capacity and financial buffer appear minimal.
• Lack of Positive Equity and Declining Financial Position: The net assets have declined from £11 in 2023 to negative £90 in 2024, indicating recent losses or creditor claims eroding equity.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date on accounts and confirmation statement filings, which suggests it is meeting statutory obligations without delay.
• Active Status and No Indication of Insolvency Procedures: The company remains active and is not currently in liquidation or administration.

4. Due Diligence Notes:

• Investigate Causes of Negative Net Assets: Review detailed financial notes (if available) to determine the nature of liabilities causing the deficit.
• Assess Cash Flow and Creditor Relations: Since current liabilities exceed current assets, further inquiry into payment terms, creditor pressure, and cash flow projections is essential.
• Review Business Model Sustainability: Given the company’s micro scale, no employees, and classification in sport club activities, understanding revenue generation and operational plans is critical.
• Director Background and Related Party Transactions: Confirm if the director’s role includes financial support or guarantees and check for any related party transactions or loans.