SURREY SURVEYORS LTD

Executive Summary

Surrey Surveyors Ltd shows improving capitalization and investment in fixed assets but carries some liquidity risk due to persistent net current liabilities and new long-term borrowings. The company maintains good compliance and has a director with suitable expertise, which supports operational stability. Further review of debt terms and cash flow management is advisable to fully assess financial resilience.

SURREY SURVEYORS LTD - Analysis Report

Company Number: 13143211

Analysis Date: 2025-07-20 19:05 UTC

1. Risk Rating: MEDIUM

The company shows a recent but significant improvement in net assets largely due to an increase in fixed assets and the incurrence of a substantial long-term liability. While solvency appears adequate as of the latest accounts, the presence of net current liabilities and increased long-term debts suggests some financial stress and potential liquidity concerns.

2. Key Concerns:

• Net Current Liabilities: The company has consistently reported negative net current assets, with a slight improvement in 2024 (-£173k), indicating potential short-term liquidity issues.
• Long-Term Borrowings: A significant creditor amount falling due after one year (£49,248) appeared in 2024, which was not present previously, increasing leverage and financial risk.
• Low Share Capital and Equity Base: Share capital is nominal (£1), and shareholders’ funds remain modest (£13,401), which may limit the company’s resilience to financial shocks.

3. Positive Indicators:

• Growing Fixed Assets: Fixed assets increased markedly from £7,727 in 2023 to £64,322 in 2024, implying investment in operational capacity or capital expenditure.
• Improved Net Assets: Net assets improved substantially from £122 in 2023 to £13,401 in 2024, reflecting better capitalization or retained earnings.
• No Overdue Filings: The company is current with statutory filings (accounts and confirmation statements), suggesting good compliance and governance practices.
• Established Director with Relevant Experience: The sole director is a chartered surveyor, aligning with the company’s business activities, which supports operational stability.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term liabilities that arose in 2024 to assess repayment risk and impact on cash flows.
• Review detailed cash flow statements and debtor/creditor aging to evaluate liquidity management and working capital cycle.
• Examine the rationale and financing behind the substantial increase in fixed assets to understand operational strategy and asset utilization.
• Confirm that the company maintains appropriate professional indemnity insurance and complies with RICS regulations given its surveying activities.
• Assess client concentration and revenue streams, as limited financial disclosures restrict visibility into operational sustainability.