THE BS PROPERTY GROUP 1 LIMITED

Executive Summary

THE BS PROPERTY GROUP 1 LIMITED demonstrates weak financial strength with minimal equity and a significant working capital deficit, raising concerns about its ability to service debt. The lack of profitability and cash flow data combined with high current liabilities relative to assets leads to a recommendation to decline credit at this stage. Close monitoring of future financial filings and liquidity improvements would be required before reconsidering credit exposure.

THE BS PROPERTY GROUP 1 LIMITED - Analysis Report

Company Number: 13789306

Analysis Date: 2025-07-29 17:25 UTC

1. Credit Opinion: DECLINE
   The company’s financial position shows significant concerns for creditworthiness. Despite being active and recently incorporated (December 2021), THE BS PROPERTY GROUP 1 LIMITED’s balance sheet at 31 December 2023 reveals minimal net assets (£100) and a current liability equal to the value of its fixed assets (£193,079), resulting in a net current liability position of £192,979. This implies that current liabilities exceed current assets substantially, indicating poor short-term liquidity and a working capital deficit. Without audit or profit and loss data, there is insufficient evidence of profitability or cash generation capability to service debt. The company’s micro-entity status and small scale, with only 2 employees, suggest limited operational scale and financial resilience. Given these factors, the company poses a high risk for credit exposure without additional security or guarantees.

2. Financial Strength:
   The company’s balance sheet is weak. Fixed assets of £193,079 appear to be matched by equivalent current liabilities, which are likely short-term borrowings or creditors. Current assets are negligible at £100, leading to a large negative working capital position. Shareholders’ funds remain nominal at £100, indicating very low equity buffer to absorb losses or support borrowing. The absence of any retained earnings or profit and loss details further obscures financial performance, but the minimal net asset value and negative working capital strongly suggest fragile financial health.

3. Cash Flow Assessment:
   Cash and liquid assets are almost nonexistent (£100), and current liabilities are high relative to assets, suggesting potential liquidity stress. The company’s inability to cover short-term liabilities with current assets raises questions about its ability to meet debt obligations as they fall due. The lack of detailed profit and loss information or cash flow statements prevents a full assessment, but the balance sheet indicators point to insufficient working capital and cash flow generation to support new or existing credit facilities.

4. Monitoring Points:

• Monitor subsequent annual accounts for improvements in net assets and working capital.
• Watch for any changes in current liabilities that might reflect repayment or refinancing.
• Review directors’ reports or filing notes for changes in business strategy or capital injections.
• Track payment performance on any existing credit facilities or trade payables.
• Assess any changes in ownership or director appointments that might impact governance or financial stewardship.