TILLY'S OFF LEAD PLAY PARK LTD

Executive Summary

TILLY'S OFF LEAD PLAY PARK LTD demonstrates growth in net assets and fixed assets over recent years, reflecting investment and equity build-up. However, persistent negative working capital and increased borrowings present moderate liquidity and solvency risks. Further examination of cash flows, debt terms, and operational viability is recommended to form a comprehensive risk assessment.

TILLY'S OFF LEAD PLAY PARK LTD - Analysis Report

Company Number: 13604646

Analysis Date: 2025-07-29 17:15 UTC

1. Risk Rating: MEDIUM
   The company shows an improving net asset position and increased fixed assets, but persistent negative net current assets and reliance on borrowings raise moderate solvency and liquidity concerns.

2. Key Concerns:

• Negative net current assets for all reported years (£-9,943 in 2024), indicating current liabilities exceed current assets and potential short-term liquidity pressure.
• Increasing bank borrowings both short-term (£10,139) and long-term (£17,377) as of 2024, suggesting dependence on debt financing which may impact financial flexibility.
• Absence of employees and limited disclosure on operational performance or revenue figures hinders assessment of sustainable business operations.

3. Positive Indicators:

• Net assets increased from £3,267 in 2021 to £15,017 in 2024, showing growth in equity and potential retained earnings accumulation.
• Tangible fixed assets nearly doubled to £42,337 in 2024, indicating investment in operational capacity or infrastructure.
• Accounts are up to date with no overdue filings, reflecting good regulatory compliance and governance discipline.

4. Due Diligence Notes:

• Review cash flow statements and turnover figures to better assess operational cash generation and sustainability.
• Clarify the nature and terms of bank borrowings to evaluate refinancing risks and debt servicing capacity.
• Investigate the company's business model and revenue streams since no employees are reported and turnover data is missing.
• Confirm director's background and management experience given the company’s early stage and mixed financial signals.