Company Number: 13788816

Analysis Date: 2025-07-20 17:07 UTC

1. Risk Rating: HIGH
   Turvill Electrical Limited exhibits significant solvency and liquidity concerns, as demonstrated by persistently negative net assets and substantial current liabilities exceeding current assets by a wide margin. The company’s financial position deteriorated further in the latest year, increasing its net liabilities from approximately £22k to over £33k.

2. Key Concerns:

• Negative Net Assets: The company’s net liabilities have grown from £21,921 in 2022 to £33,189 in 2023, indicating that liabilities significantly exceed assets and shareholder equity is negative.
• Poor Liquidity Position: Current liabilities (£65,501) far exceed current assets (£9,505), resulting in a large working capital deficit (-£55,996). This suggests difficulty in meeting short-term obligations as they fall due.
• Reliance on Director’s Loan: A substantial proportion (£58,037) of current liabilities is a director’s loan account, which may indicate funding problems and reliance on related-party financing rather than sustainable operating cash flows.

3. Positive Indicators:

• Filing Compliance: The company is up to date with its statutory filings, including accounts and confirmation statements, indicating good regulatory compliance.
• Active Website and Contact Details: Presence of an active website with current contact information supports operational transparency and accessibility.
• Single Experienced Director with Control: The sole director, Mr. Stephen Prescott Turvill, holds full control and has been consistent since incorporation, providing stable leadership.

4. Due Diligence Notes:

• Investigate the nature and terms of the director’s loan account to assess repayment likelihood and conditions.
• Review cash flow statements (not provided) to understand operating cash generation and liquidity management.
• Examine the company’s business model and contract pipeline given the negative equity and liquidity constraints to assess sustainability.
• Consider any contingent liabilities or off-balance sheet arrangements that could exacerbate financial stress.
• Confirm absence of director disqualifications or compliance issues beyond those visible in the filings.