TREGENNA PROPERTIES - DEVELOPMENTS (SPV) 12 LTD

Executive Summary

TREGENNA PROPERTIES - DEVELOPMENTS (SPV) 12 LTD is an early-stage micro-entity showing a concerning negative net current asset position, indicating potential liquidity and solvency risks. While regulatory filings are up to date and corporate control is clear, lack of employees and operating data raise questions about operational sustainability. Further investigation into liabilities and cash flow is recommended before considering investment.

TREGENNA PROPERTIES - DEVELOPMENTS (SPV) 12 LTD - Analysis Report

Company Number: 14554928

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

1. Risk Rating: HIGH
   The company shows a materially negative net current asset position (£-114,019) as of the latest accounts date (31 March 2025), indicating current liabilities exceed current assets. This raises significant solvency and liquidity concerns for a micro-entity.

2. Key Concerns:

• Negative net current assets of £114k suggest potential inability to meet short-term obligations.
• Sharp increase in current liabilities within one year without corresponding asset growth may indicate cash flow or funding difficulties.
• No employees and limited operational data raise questions about business sustainability and revenue generation.

3. Positive Indicators:

• Company is current with all filing obligations, including accounts and confirmation statements, demonstrating regulatory compliance to date.
• Ownership and control are clear and centralized with a single corporate shareholder holding 75-100% shares and voting rights, suggesting decision-making is consolidated.
• The company is active and recently incorporated (Dec 2022), so early-stage financial fluctuations can be expected.

4. Due Diligence Notes:

• Investigate the nature and timing of current liabilities to understand if they are short-term payables, loans, or accruals and assess repayment plans.
• Request management accounts or cash flow forecasts to assess liquidity runway and operational cash flow trends.
• Clarify business model and revenue streams given zero employees and negative working capital to evaluate sustainability.
• Confirm whether any related party transactions exist with Tregenna Ventures Ltd or other connected parties impacting financial position.