Company Number: 13634079

Analysis Date: 2025-07-20 15:39 UTC

1. Credit Opinion: DECLINE
   SLP Property Limited exhibits a deteriorating financial position with net liabilities increasing from -£20k in 2023 to -£140k in 2024. The company’s inability to maintain positive net current assets and net assets raises concerns about its capacity to meet short-term obligations. Given its micro-entity status, no employees, and negative equity, the risk of default is elevated. Without evidence of external support or improved cash flows, extending credit is not recommended.

2. Financial Strength:
   The balance sheet reveals persistent negative net assets and shareholders’ funds, declining from -£20k to -£140k over one year. Current liabilities doubled from £60k to £120k while current assets remained static at £100. This indicates that liabilities are outpacing assets and the company’s financial resilience is weak. The absence of fixed assets and lack of profitability or retained earnings further undermine financial strength.

3. Cash Flow Assessment:
   Current assets are minimal (£100) and do not cover current liabilities (£120), resulting in negative working capital. This suggests liquidity constraints and potential difficulty in meeting immediate creditor demands. The lack of employees and audit exemption implies limited operational activity or scale, which may contribute to constrained cash generation.

4. Monitoring Points:

• Monitor quarterly cash flow statements to detect liquidity changes.
• Watch for any improvements in net current assets and net asset position in future accounts.
• Observe changes in creditor balances and any restructuring of liabilities.
• Track credit terms with suppliers and any external funding or capital injections.
• Review director and shareholder actions for financial support or operational changes.