STATHAM PROPERTIES LTD

Executive Summary

Statham Properties Ltd is a recently incorporated micro-entity operating in building project development, currently exhibiting negative net assets and working capital, which raises high solvency and liquidity risk concerns. While regulatory filings are up to date and ownership structure is clear, the lack of operational history and financial deficit necessitate further investigation into liabilities and business sustainability before considering investment.

STATHAM PROPERTIES LTD - Analysis Report

Company Number: 14820740

Analysis Date: 2025-07-29 15:24 UTC

1. Risk Rating: HIGH
   The company shows negative net assets and net current assets, indicating a weak financial position that raises concerns about its ability to meet short-term and long-term obligations.

2. Key Concerns:

• Negative Net Assets: The company has net assets of -£4,947, reflecting a deficit in equity which is a solvency concern.
• Negative Working Capital: Net current assets are slightly negative (-£2,997), suggesting potential liquidity issues in covering short-term liabilities.
• No Employees or Operational History: Incorporated in April 2023 with no employees and minimal operating history, which raises questions on operational sustainability and revenue generation.

3. Positive Indicators:

• Compliance with Filings: Accounts and confirmation statements are up to date and not overdue, indicating regulatory compliance.
• Single Director with Control: The director, who is also the sole significant controller, has clear ownership and governance which can facilitate swift decision-making.
• Micro-Entity Status: The company’s micro classification reduces administrative burden, which is typical for start-ups or very small operations.

4. Due Diligence Notes:

• Investigate the nature of current liabilities (£350,234) and whether these are trade payables, loans, or related party debt, to assess repayment risk.
• Review any underlying assets or contracts related to the development of building projects (SIC 41100) to evaluate operational viability.
• Confirm the source of funding and plans to improve solvency and liquidity given the negative equity position.
• Clarify the relationship and impact of the significant control by "Almost Everything Limited" and Mr. Garry William Statham on operational and financial decisions.