Company Number: 13000851

Analysis Date: 2025-07-20 14:31 UTC

1. Risk Rating: HIGH
   TEREYN Limited demonstrates significant solvency and liquidity concerns, with persistent net current liabilities and net asset deficits over multiple years. The company’s financial position indicates an inability to meet short-term obligations without external support.

2. Key Concerns:

• Negative Net Current Assets: As of 31 March 2024, net current liabilities stand at £1,423, indicating insufficient liquid assets to cover short-term debts. This negative working capital has persisted consistently since incorporation.
• Negative Shareholders’ Funds / Net Liabilities: Shareholders’ funds are negative (£-1,424), reflecting accumulated losses and eroding the company’s equity base, which poses solvency risks.
• Reliance on Director Loans: £1,319 of current liabilities are loans from directors, suggesting reliance on insider funding rather than operational cash flow. This funding may not be sustainable or guaranteed long term.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with both accounts and confirmation statement filings, indicating regulatory compliance and governance discipline.
• Single Director and PSC Stability: Mr. Elliot Kent Ewing serves as sole director and holds 75-100% control, providing clear accountability and decision-making authority.
• Operating in Development of Building Projects Sector: The business operates within the SIC 41100 category (development of building projects), a sector with potential for growth, though this requires further operational validation.

4. Due Diligence Notes:

• Investigate the company’s business model and revenue generation—no turnover or profit/loss data was disclosed, suggesting limited or no trading activity.
• Clarify the nature, terms, and repayment expectations of director loans to assess sustainability and risk of call-in.
• Review management plans for addressing persistent net liabilities and working capital deficits, including any ongoing or planned capital injections or refinancing.
• Confirm whether the company has any underlying assets or contracts that could improve financial stability or liquidity in the near term.
• Assess risks related to being a single-person controlled entity, including succession and governance controls.