THEOBALD PROPERTY SERVICES LIMITED

Executive Summary

Theobald Property Services Limited is a newly established small real estate company currently exhibiting weak financial metrics, including negative equity and zero cash reserves. The business shows limited operational activity and management instability, undermining its ability to support credit risk. Without material improvement in liquidity, profitability, or capital structure, credit facilities are not advisable at this time.

THEOBALD PROPERTY SERVICES LIMITED - Analysis Report

Company Number: 14025964

Analysis Date: 2025-07-29 19:10 UTC

1. Credit Opinion: DECLINE
   Theobald Property Services Limited shows weak financial health with persistent negative net current assets and shareholders' funds, indicating ongoing losses or undercapitalization. The company has no cash available as of the latest year end and current liabilities, although small, exceed current assets. Furthermore, the company has just been incorporated in 2022 with minimal operational history and no employees in the latest year, reflecting very limited business activity and unproven business resilience. The director resigned in early 2023, which may raise concerns about management continuity and stability. Given these factors, the company currently lacks the financial strength and track record to support additional credit facilities without significant improvement or additional security.

2. Financial Strength:
   The balance sheet reveals a negative equity position (shareholders’ funds: £-1,090) and net current liabilities (£-1,090), consistent with net losses or insufficient capital injection. Cash reserves were depleted from £27,055 in 2023 to zero in 2024, pointing to liquidity constraints. The company carries minimal liabilities (£1,090), but the absence of current assets apart from cash suggests an inability to meet short-term obligations without additional capital or cash inflows. No fixed assets are reported, implying limited tangible collateral value.

3. Cash Flow Assessment:
   The latest accounts show no cash on hand, implying that any operating activities or working capital requirements are currently unmet. The decline from a positive cash position in 2023 to zero in 2024 without offsetting current assets indicates negative operating cash flow or capital withdrawal. The negative net current assets signify working capital deficiency, which undermines the company’s ability to sustain day-to-day operations or service debt. The absence of employees and minimal activity further suggest limited operational cash generation capability.

4. Monitoring Points:

• Cash flow trends and liquidity position, especially cash balances and net current assets.
• Profit and loss performance to assess progress toward profitability and equity restoration.
• Management stability and governance, given the director resignation in 2023.
• Operational activity levels, including turnover and staff numbers, to gauge business growth or contraction.
• Timely filing of future accounts and confirmation statements to ensure compliance and transparency.