TRANSPORT PUBLISHING NETWORK LIMITED

Executive Summary

Transport Publishing Network Limited demonstrates financial distress characterized by persistent negative equity and current liabilities exceeding current assets, signaling solvency and liquidity risks. While compliance and governance appear satisfactory, the absence of profitability and ongoing net liabilities raise concerns about operational sustainability. Further detailed financial review and management insight are advised to evaluate recovery prospects.

TRANSPORT PUBLISHING NETWORK LIMITED - Analysis Report

Company Number: 13258921

Analysis Date: 2025-07-29 14:35 UTC

1. Risk Rating: HIGH
   The company exhibits a high risk profile primarily due to its persistent net current liability position and negative shareholders’ funds over multiple years, indicating solvency challenges and possible ongoing losses.

2. Key Concerns:

• Solvency Risk: The company has net current liabilities of £116,040 as of 31 March 2024 and negative shareholders’ funds of the same amount, which implies liabilities exceed assets and the company may struggle to meet its obligations as they fall due.
• Liquidity Concerns: Current liabilities significantly outweigh current assets (£53,446 vs £169,486), suggesting liquidity constraints and potential cash flow difficulties.
• Operational Sustainability: The company has been trading since 2021 but continues to report net liabilities and no indication of profit or retained earnings, raising concerns about business viability and ongoing operational losses.

3. Positive Indicators:

• Compliance Status: The company is active, not in liquidation or administration, and filings (accounts and confirmation statements) are up to date with no overdue returns.
• Corporate Governance: The board has four directors with no reported disqualifications or governance issues.
• Growth in Employment: Employment increased from 2 to 3 employees over the last year, indicating some operational expansion or increased activity.

4. Due Diligence Notes:

• Investigate the company's business model viability and revenue generation capability, since repeated negative equity and net current liabilities indicate operational losses.
• Review cash flow statements (not filed or disclosed here) to assess actual liquidity and working capital management.
• Clarify the nature and terms of current liabilities—are these trade creditors, loans, or other obligations? This will impact risk assessment.
• Understand funding sources and shareholder support, given minimal share capital (£4) and significant negative reserves.
• Seek management commentary or strategic plans addressing the financial deficits and path to profitability.