WILSON & GEORGE LTD

Executive Summary

Wilson & George Ltd shows pronounced financial distress with negative equity and a liquidity deficit as of the latest year-end. The lack of cash and assets alongside no employees raises concerns about ongoing operational viability. While regulatory filings are current and governance appears stable, potential investors should conduct thorough due diligence on the company's business status and financial recovery plans before considering involvement.

WILSON & GEORGE LTD - Analysis Report

Company Number: 13144510

Analysis Date: 2025-07-20 13:10 UTC

1. Risk Rating: HIGH
   The company exhibits significant solvency risk as evidenced by persistent negative net current assets and shareholders’ funds, which worsened markedly in the latest financial year. The absence of cash at year-end and minimal equity capital further exacerbate liquidity concerns.

2. Key Concerns:

• Solvency and Negative Equity: Shareholders’ funds deteriorated from a modest positive £181 in 2023 to a negative £8,774 in 2024, indicating accumulated losses or liabilities exceeding assets.
• Liquidity Shortfall: Current liabilities (£10,762) substantially exceed current assets (£1,990) in 2024, with no cash reserves reported, raising serious doubts about the company’s ability to meet short-term obligations.
• Operational Sustainability: The company reported no employees and disposed of all tangible fixed assets in the latest year, suggesting a potential cessation or significant contraction of business activities, which may impact future revenue generation.

3. Positive Indicators:

• Compliance with Filing: The company is up to date with statutory accounts and confirmation statement filings, indicating adherence to regulatory requirements.
• Stable Control Structure: Both shareholders and directors remain consistent, with no disqualifications or governance issues reported, which may support continuity.
• Small Company Reporting Exemption: Use of abridged accounts and exemption from audit reduces compliance burden, appropriate for a micro/small entity.

4. Due Diligence Notes:

• Investigate the nature and cause of the significant decline in net assets and equity in the latest period, including any unusual or non-recurring items.
• Clarify current business operations given the disposal of fixed assets and absence of employees; confirm if the company is operational or dormant in practice.
• Review cash flow and creditor arrangements to assess risk of default or pressure from suppliers and financiers.
• Examine director and shareholder plans for recapitalization or business restructuring to address the negative working capital.
• Confirm no hidden contingent liabilities or off-balance sheet exposures exist.