WCA GLOBAL PLAYER RIGHTS LIMITED

Executive Summary

WCA Global Player Rights Limited exhibits a moderate risk profile characterized by a strong net asset base primarily from fixed investments, but constrained short-term liquidity and limited operational history. The company complies with filing requirements and benefits from a diverse board, though concentrated shareholder control warrants governance review. Further due diligence on cash flow, investment valuation, and business sustainability is recommended to inform investment decisions.

WCA GLOBAL PLAYER RIGHTS LIMITED - Analysis Report

Company Number: 13114791

Analysis Date: 2025-07-29 19:16 UTC

1. Risk Rating: MEDIUM
   The company shows positive net assets and fixed investments but has a marginally negative net current asset position and limited operational history. The lack of detailed profit and loss information and the company’s recent incorporation contribute to moderate risk.

2. Key Concerns:

• Liquidity Risk: Current liabilities (£675,915) slightly exceed current assets (£674,808), creating a small working capital deficit which could stress short-term liquidity.
• Limited Operational History: Incorporated in 2021 with only one employee and abridged unaudited accounts, limiting insight into operational performance and cash flow sustainability.
• Concentration of Control and Governance: Shareholding and control appear concentrated in one entity (Fica Management Limited) and one individual (Mr Geoffrey Davies), which may raise governance and decision-making risk.

3. Positive Indicators:

• Strong Net Asset Position: Net assets of £1,203,955 largely driven by fixed asset investments valued at over £1.2 million, indicative of valuable equity holdings.
• No Overdue Filings: Accounts and confirmation statements are filed on time, suggesting regulatory compliance and administrative discipline.
• Diverse Board Composition: Multiple directors with varied nationalities and professional backgrounds, which may support balanced oversight.

4. Due Diligence Notes:

• Confirm the liquidity management strategy addressing the slight working capital deficit and review cash flow projections.
• Investigate the nature, valuation basis, and liquidity of the fixed investment in Winners Alliance Inc shares to assess realizable value.
• Review the company’s business model, revenue streams, and future contracts to evaluate operational sustainability given limited employee count and recent start.
• Examine governance arrangements and decision-making processes given the concentrated shareholding and control structure.
• Request access to profit and loss accounts or management accounts for fuller financial assessment.