TANGLIN OBAN LTD

Executive Summary

TANGLIN OBAN LTD exhibits significant liquidity risk with persistent net current liabilities exceeding cash reserves, raising concerns about its ability to meet short-term obligations. While regulatory compliance is current and equity remains positive, the company’s limited scale and ongoing working capital deficits suggest operational challenges. Further due diligence on revenue generation and cash flow strategies is recommended to assess business sustainability.

TANGLIN OBAN LTD - Analysis Report

Company Number: SC689174

Analysis Date: 2025-07-29 21:06 UTC

1. Risk Rating: HIGH
   The company shows persistent negative net current assets and very low cash balances relative to current liabilities, indicating liquidity stress and potential difficulty meeting short-term obligations.

2. Key Concerns:

• Negative Working Capital: Net current liabilities of £3,279 (2024) and £4,034 (2023) suggest ongoing liquidity issues.
• Minimal Cash Reserves: Cash at bank is only £1,387 as of 2024, insufficient compared to current liabilities of £4,666.
• Limited Operational Scale: Only one employee and modest tangible fixed assets with no indication of turnover or profitability metrics limit confidence in business sustainability.

3. Positive Indicators:

• No Overdue Filings: Accounts and confirmation statements are up to date, indicating regulatory compliance.
• Shareholders’ Funds Positive: Net assets and shareholders’ funds remain positive (£1,663 in 2024), showing some retained equity buffer.
• Director Continuity: Single director has remained consistent since incorporation, potentially indicating stable governance at the leadership level.

4. Due Diligence Notes:

• Investigate the company’s revenue streams and profitability as these are not disclosed in the available data.
• Clarify the nature and terms of the director loans (£175 in 2024) and assess any impact on liquidity.
• Review plans or evidence for improving working capital and cash flow management given consistent negative net current assets.
• Confirm whether there are any contingent liabilities or off-balance sheet obligations not reflected here.