THE VICARAGE DROVE PROJECT LIMITED

Executive Summary

The Vicarage Drove Project Limited is a newly incorporated private company engaged in real estate letting with a significant liquidity shortfall and no operational history. While it maintains regulatory compliance and holds fixed assets, its negative working capital position and reliance on shareholder funding elevate its financial risk profile. Further due diligence is required to assess asset liquidity and funding strategies to mitigate solvency concerns.

THE VICARAGE DROVE PROJECT LIMITED - Analysis Report

Company Number: 15075898

Analysis Date: 2025-07-20 15:00 UTC

1. Risk Rating: HIGH
   The company exhibits a high risk profile primarily due to its current liquidity position and nascent operational status. The net current liabilities of £172,166 against current assets of only £27,511 indicate significant short-term funding pressure. Given the company was incorporated in August 2023 and has no employees or reported profit, its ability to meet obligations is unproven.

2. Key Concerns:

• Liquidity Deficit: The company’s current liabilities (£199,677) substantially exceed current assets (£27,511), resulting in a negative working capital position which raises immediate solvency concerns.
• Early Stage Operations: Incorporated less than two years ago, with no reported employees and no audit performed, the company lacks operational track record or financial performance history to demonstrate sustainability.
• Reliance on Shareholder Funding: The net asset value is modest (£24,433) and there is heavy control concentration with one individual holding 75-100% of shares and voting rights, suggesting potential dependency on shareholder support for ongoing funding.

3. Positive Indicators:

• Asset Base: Fixed assets of £198,401 suggest some tangible asset backing which may provide collateral value or operational foundation.
• No Filing or Compliance Issues: Accounts and confirmation statements are filed on time with no overdue filings, indicating good regulatory compliance practices to date.
• Clear Corporate Governance: Directors and persons with significant control are properly disclosed and appear to be resident in the UK without any adverse records noted.

4. Due Diligence Notes:

• Investigate the nature and liquidity of fixed assets to assess if they can be readily converted or leveraged to improve cash flow.
• Review cash flow forecasts and funding plans to understand how the company intends to address the large working capital deficit.
• Evaluate the terms and sustainability of any related party loans, shareholder funding, or external financing arrangements supporting the company.
• Confirm there are no contingent liabilities or off-balance sheet obligations that could exacerbate solvency risk.
• Monitor any future filings for emerging operational data, profitability, or changes in the financial position.