TRAHASS LTD

Executive Summary

TRAHASS LTD currently exhibits a medium risk profile due to its negative net asset position and significant long-term liabilities, despite maintaining positive working capital and compliance with statutory filings. The company’s limited operational scale and ownership structure provide some stability, but detailed scrutiny of its liabilities and business model is advisable to fully assess financial health and sustainability.

TRAHASS LTD - Analysis Report

Company Number: 13812135

Analysis Date: 2025-07-20 13:19 UTC

1. Risk Rating: MEDIUM

The company shows signs of financial strain with negative net assets in its latest reported year, despite positive net current assets. The presence of long-term creditors exceeding current assets indicates solvency risk, though there are no overdue filings or compliance issues noted.

2. Key Concerns:

• Negative Net Assets: The company reported net assets of -£960 as at 31 December 2023, a decline from positive net assets in prior years, indicating accumulated losses or increased liabilities.
• Long-term Liabilities Exceeding Current Assets: Creditors due after one year (£7,885) are significantly higher than current assets (£9,720) but the net assets remain negative, suggesting possible long-term solvency concerns.
• No Employees Except Directors: The company operates without employees aside from the two directors, which may indicate limited operational scale or reliance on external contractors, possibly impacting business sustainability.

3. Positive Indicators:

• Current Assets Exceed Current Liabilities: Net current assets remain positive (£6,599), implying the company can currently meet short-term obligations.
• No Overdue Filings: Accounts and confirmation statements are up to date, reflecting good regulatory compliance.
• Stable Director and Ownership Structure: Both directors hold significant control and have been in place since incorporation, indicating continuity in management.

4. Due Diligence Notes:

• Investigate the nature and terms of the long-term creditors to assess repayment obligations and impact on solvency.
• Review the reasons for the decline to negative net assets, including any accumulated losses or off-balance sheet liabilities.
• Confirm the operational model given zero employees besides directors and evaluate the sustainability and revenue generation capacity.
• Verify if any contingent liabilities or related party transactions exist that could affect financial stability.