TCG MASTER LTD

Executive Summary

TCG MASTER LTD faces high financial risk characterized by significant negative net assets and a large working capital shortfall, which raise serious concerns about its ability to meet obligations. While regulatory compliance is maintained, the company’s continued losses and sole director control warrant detailed investigation into its financial structure and operational viability.

TCG MASTER LTD - Analysis Report

Company Number: 13109646

Analysis Date: 2025-07-29 20:02 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency and liquidity concerns, with net liabilities increasing sharply from -£9,568 in 2023 to -£31,687 in 2024. The current liabilities far exceed current assets, indicating a critical working capital deficit and potential inability to meet short-term obligations.

2. Key Concerns:

• Severe Negative Net Assets: The company’s net liabilities have more than tripled year-over-year, signaling deteriorating financial health.
• Working Capital Deficit: Current liabilities (£32,287) substantially exceed current assets (£300), raising immediate liquidity issues.
• Single Director and Shareholder Control: Full control by one individual may increase governance risk, especially in absence of independent oversight or additional management.

3. Positive Indicators:

• No Overdue Filings: The company’s annual accounts and confirmation statements are filed on time, demonstrating regulatory compliance and administrative discipline.
• Micro Entity Status: The small scale may imply lower operational complexity and overheads.
• Continuity of Operation: Despite financial losses, the company remains active and has not entered liquidation or administration, suggesting ongoing business activity.

4. Due Diligence Notes:

• Investigate the nature and cause of the accumulated liabilities driving the negative net assets, including creditor composition and payment terms.
• Assess cash flow statements or bank statements (not provided) to understand actual liquidity and operational cash generation or burn rate.
• Review business model viability and future plans to address financial distress, including potential capital injections or restructuring.
• Confirm if any related party transactions or director loans contribute to liabilities.
• Validate that the director’s capacity and experience align with turnaround or sustainable business management given sole control.