TILSTON HOLDINGS LTD

Executive Summary

Tilston Holdings Ltd exhibits significant financial distress evidenced by persistent negative net assets and working capital deficits across multiple years. While the company remains compliant with filing obligations and operates as a holding entity, its solvency and liquidity position present high risk to investors. Further investigation into the underlying assets and financial strategy is essential to determine viability.

TILSTON HOLDINGS LTD - Analysis Report

Company Number: 13635015

Analysis Date: 2025-07-29 12:24 UTC

1. Risk Rating: HIGH
   The company consistently reports net liabilities of £200 and net current liabilities of £300, indicating persistent insolvency. The micro-entity status combined with negative net assets raises serious concerns about the company’s ability to meet its obligations.

2. Key Concerns:

• Persistent Negative Net Assets: The company has maintained net liabilities of £200 over three years, reflecting accumulated losses or insufficient capital.
• Negative Working Capital: Current liabilities exceed current assets by £300 consistently, suggesting potential liquidity issues to cover short-term obligations.
• No Employees and Minimal Operational Activity: The company reports zero employees and negligible fixed assets (£100), which may imply limited operational capacity or a holding company with minimal business activity.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is active and up-to-date with both accounts and confirmation statement filings, indicating no immediate regulatory compliance risks.
• Limited Scope of Operations: Being classified under SIC code 64209 (activities of other holding companies) suggests the company may primarily hold investments rather than operate a trading business, which could mitigate some operational risks if the underlying assets are sound.

4. Due Diligence Notes:

• Investigate the nature and value of the company’s holdings or investments to assess true asset quality beyond the minimal fixed assets reported.
• Clarify the reasons for sustained negative equity and whether there are plans for recapitalisation or restructuring.
• Review any contingent liabilities or off-balance sheet exposures that may exacerbate solvency risks.
• Understand the company’s cash flow sources given negative working capital and lack of employees.
• Assess the background and financial standing of the director and any associated parties for potential support or risk factors.