TULSI PROPERTY MANAGEMENT LTD

Executive Summary

Tulsi Property Management Ltd is a small, privately controlled real estate management company showing low risk with strong net assets and positive working capital. The key risk lies in reliance on director loans and limited operational scale. Regulatory compliance is sound with all filings up to date. Further due diligence on revenue generation and director loan terms is advised to confirm ongoing operational stability.

TULSI PROPERTY MANAGEMENT LTD - Analysis Report

Company Number: 13992365

Analysis Date: 2025-07-20 15:07 UTC

1. Risk Rating: LOW
   Tulsi Property Management Ltd demonstrates a solid net asset position with increasing net current assets and no overdue filings. The company has manageable liabilities and a positive working capital, suggesting low immediate solvency and liquidity risks.

2. Key Concerns:

• Reliance on Director Loans: The company has unsecured, interest-free loans from the director totaling £68,423 (up from £26,530 prior year), which are repayable on demand. This could present a liquidity risk if the director demands repayment unexpectedly.
• Concentrated Ownership and Control: Two individuals each hold 25-50% shares and voting rights. While common in private companies, this concentration increases governance and succession risks.
• Limited Operational Scale: The company operates with a single employee (the director) and minimal fixed assets, indicating limited operational scale and potential vulnerability to key-person risk or business disruption.

3. Positive Indicators:

• Strong Working Capital: Net current assets increased from £21,941 in 2023 to £41,250 in 2024, reflecting improved short-term liquidity.
• Consistent Equity Growth: Shareholders’ funds nearly doubled from £21,841 to £41,359 in one year, evidencing retained earnings or capital injections supporting solvency.
• Compliance: No overdue filing dates for accounts or confirmation statements, indicating good regulatory compliance.
• Clear Industry Focus: The company operates in real estate management on a fee basis, a service sector with stable demand characteristics.

4. Due Diligence Notes:

• Verify the nature and terms of director loans, including any repayment plans or potential calls for repayment that could impact liquidity.
• Review turnover and profitability trends beyond the balance sheet to assess operational sustainability, as turnover figures are not disclosed here.
• Confirm contract dependencies and client concentration to understand revenue stability.
• Consider director capability and succession planning given the single employee structure.
• Assess any contingent liabilities or off-balance sheet risks not reflected in the current financial statements.