SINGLEETAI LIMITED

Executive Summary

Singleetai Limited demonstrates clear financial distress with negative net current assets and shareholders’ funds, raising high solvency and liquidity risks. While the company remains compliant with filing requirements and operationally active under a sole director, the significant director loans and erosion of equity warrant close scrutiny. Further due diligence on trading viability and financial restructuring plans is recommended to fully assess investment risk.

SINGLEETAI LIMITED - Analysis Report

Company Number: 12924472

Analysis Date: 2025-07-29 15:51 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, with negative net current assets and shareholders' funds deteriorating sharply over recent years, indicating financial distress.

2. Key Concerns:

• Negative Net Current Assets: As of 31 March 2023, the company had net current liabilities of £1,149, indicating it cannot cover short-term liabilities from current assets.
• Declining Shareholders’ Funds: Shareholders’ funds dropped from positive £806 in 2021 to negative £1,150 in 2023, reflecting accumulated losses and erosion of equity.
• Director’s Current Account Liability: A substantial creditor balance of £1,948 owed to directors suggests potential cash flow issues and reliance on director loans to fund operations.

3. Positive Indicators:

• No Overdue Filings: The company is current with accounts and confirmation statement filings, signifying regulatory compliance.
• Active Status: The company remains active and is not in liquidation or administration.
• Single Shareholder and Director: Control is centralized under one individual, which can facilitate quicker decision-making and operational adjustments.

4. Due Diligence Notes:

• Investigate the nature and terms of the director’s current account liabilities and whether these are repayable or convertible.
• Review recent trading performance and cash flow forecasts to assess operational sustainability given the negative working capital.
• Confirm whether there are contingent liabilities, related party transactions, or off-balance sheet obligations that could further impact financial stability.
• Examine any plans or arrangements for recapitalization or financial restructuring to address the deteriorated equity position.
• Assess the business model viability in the real estate management/leasing sector given the losses and negative net assets.