WINGERSEA INTERNATIONAL INVESTMENT CO., LTD

Executive Summary

WINGERSEA INTERNATIONAL INVESTMENT CO., LTD shows significant solvency and liquidity concerns, with persistent negative net assets and working capital deficits over multiple years. While compliance with filing requirements is maintained, the lack of operational activity and deteriorating financial position present material risk to creditors and investors. Further investigation into business operations and financial plans is recommended to clarify sustainability prospects.

WINGERSEA INTERNATIONAL INVESTMENT CO., LTD - Analysis Report

Company Number: 13173523

Analysis Date: 2025-07-20 12:04 UTC

1. Risk Rating: HIGH
   The company exhibits a negative net asset position for the last three reported financial years, indicating insolvency risk. Consistently negative working capital and shareholders’ funds suggest a fragile financial foundation.

2. Key Concerns:

   • Solvency Risk: The net liabilities position (-£12,615 as of 28 Feb 2025) and negative shareholders’ funds indicate the company’s liabilities exceed its assets, raising concerns about its ability to meet obligations.
   • Liquidity Concerns: Current liabilities exceed current assets in recent years, with net current liabilities worsening (from -£12,193 in 2024 to -£12,615 in 2025), signaling potential cash flow difficulties to cover short-term debts.
   • Operational Stability: The company employs no staff and reports minimal asset growth or revenue indicators, reflecting a potentially dormant or inactive operational status which could affect ongoing viability.

3. Positive Indicators:

   • Compliance: All statutory filings, including accounts and confirmation statements, are up to date with no overdue reports, indicating good regulatory compliance.
   • Corporate Governance: The company has two directors and a corporate secretary in place, demonstrating adherence to governance requirements.
   • Small/Micro Entity Status: The company qualifies as a micro-entity, which limits reporting complexity and costs, potentially easing administrative burdens.

4. Due Diligence Notes:

   • Investigate the nature of the company’s business activities and revenue streams, given the negative net asset position and zero employees.
   • Review any off-balance-sheet obligations or contingent liabilities that may exacerbate financial strain.
   • Assess directors’ plans or recent communications regarding financial restructuring, funding injections, or potential risk mitigation strategies.
   • Confirm if the company is operationally active or effectively dormant despite active status.
   • Verify any related party transactions or intercompany loans that may explain the financial position.