Company Number: 12864358

Analysis Date: 2025-07-29 16:50 UTC

1. Risk Rating: LOW
   Turnberry Properties Ltd demonstrates solid net assets and positive working capital throughout the reported years. The company is current with statutory filings and shows no signs of insolvency or financial distress. The sole director holds majority control, which may simplify governance but does not currently present a risk.

2. Key Concerns:

• Decrease in current assets from £419k in 2023 to £200k in 2024, nearly halving liquidity within one year, which may impact short-term cash availability.
• Creditors due within one year dropped significantly from £270k in 2023 to £9.8k in 2024; while this reduces liabilities, it could reflect changes in supplier terms or repayment of debt that should be understood.
• Lack of audit and limited disclosures typical of micro-entity accounts may obscure underlying operational risks or contingent liabilities.

3. Positive Indicators:

• Consistently positive net current assets and net assets indicate the company can meet short-term obligations and maintain solvency.
• No overdue filing deadlines for accounts or confirmation statements, showing good regulatory compliance and governance discipline.
• Shareholder funds have increased from £144.7k in 2023 to £188.2k in 2024, suggesting retained earnings or capital injection strengthening the balance sheet.

4. Due Diligence Notes:

• Investigate the reasons behind the significant reduction in current assets and current liabilities between 2023 and 2024 to assess underlying cash flow stability.
• Review cash flow statements or management accounts if available to confirm liquidity trends and operational cash generation.
• Confirm the completeness of liabilities, including any off-balance sheet obligations or contingent liabilities not captured in micro-entity filings.
• Assess the impact of the single director’s control on governance and decision-making processes.
• Verify if the company has any ongoing projects or contracts under its SIC code (41100 - Development of building projects) that could affect future earnings or risk exposure.