TDV RENTALS LIMITED

Executive Summary

TDV Rentals Limited is a recently incorporated micro private company operating in real estate letting with a current negative equity and net current liability position, highlighting significant solvency concerns. While statutory compliance is current, the concentrated ownership and limited operational history increase risk. Further detailed assessment of asset liquidity and business viability is recommended to understand the company’s capacity to meet its obligations.

TDV RENTALS LIMITED - Analysis Report

Company Number: 14123275

Analysis Date: 2025-07-29 15:05 UTC

1. Risk Rating: HIGH

Justification: The company’s recent financial statements as of 31 May 2024 indicate negative net current assets (-£2,543) and negative total net assets/shareholders' funds (-£2,093), suggesting insolvency risk. The company is a micro entity but shows a deterioration from positive net assets of £100 in the previous year to negative equity. Given the limited operational history since incorporation in May 2022 and the negative equity, there are substantial solvency concerns.

2. Key Concerns:

• Negative net assets and working capital deficit: Current liabilities (£148,650) exceed current assets (£146,107) leading to a net current liability position.
• Limited operational track record: Incorporated in 2022 with only one employee, financials reflect early-stage issues without clear profitability or cash generation.
• Single director and shareholder control: Mr. Thomas Oliver Dickens holds 75-100% shareholding and voting rights, which concentrates governance risk and reduces oversight diversity.

3. Positive Indicators:

• No overdue filings: Both accounts and confirmation statements are up to date, suggesting compliance with statutory deadlines.
• Micro-entity status: Limited size may reduce complexity and external obligations.
• The presence of some fixed assets (£450) and a relatively significant current asset base (£146k), which may represent cash or receivables.

4. Due Diligence Notes:

• Investigate the nature and liquidity of current assets to verify if they are readily convertible to cash.
• Review underlying causes of negative net assets, including any accumulated losses or creditor pressures.
• Assess the company’s business model sustainability given its SIC code (68209 - Other letting and operating of own or leased real estate) and the impact on cash flow.
• Confirm the director’s plans or arrangements to address the working capital deficit and solvency position.
• Evaluate any related party transactions or financial support from the director or other parties.
• Review any contingent liabilities or off-balance sheet obligations not reflected in the accounts.