WORLDWIDE ASSET MANAGEMENT (FREEHOLDS) LTD

Executive Summary

WORLDWIDE ASSET MANAGEMENT (FREEHOLDS) LTD currently faces a high risk profile due to consistent negative net current assets and negative shareholders' funds, indicating insolvency and liquidity challenges. While filings are up to date and the company benefits from parent company ownership and fixed assets, its lack of operational activity and negative equity raise significant concerns regarding financial sustainability and solvency. Further due diligence should focus on liabilities, intercompany arrangements, and asset utilization to better understand recovery prospects.

WORLDWIDE ASSET MANAGEMENT (FREEHOLDS) LTD - Analysis Report

Company Number: 15051294

Analysis Date: 2025-07-29 20:16 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits negative net current assets and shareholders’ funds, indicating insolvency on a balance sheet basis. Its current liabilities exceed current assets significantly, reflecting poor liquidity and an inability to meet short-term obligations.

2. Key Concerns:

• Negative Net Current Assets: The company shows a net current liability position of £15,100 consistently over the last three years, highlighting persistent liquidity shortfalls.
• Negative Shareholders’ Funds: Equity is negative at £100, implying the company is technically insolvent and dependent on external support.
• No Operating Activity or Employees: The company has no employees and minimal transactional activity, suggesting a lack of operational sustainability or revenue generation.

3. Positive Indicators:

• Compliance with Filings: Both accounts and confirmation statements are up to date, reducing regulatory risk at present.
• Ownership by a Parent Company: 100% ownership by Worldwide Asset Management Ltd may imply access to group support or resources if needed.
• Fixed Asset Ownership: The company holds a freehold property asset valued at £15,000, which could provide some collateral value.

4. Due Diligence Notes:

• Investigate the nature and terms of the £15,000 current liabilities to assess repayment risk and maturity profile.
• Clarify the relationship and transactions with the parent company, including intercompany loans or capital support.
• Confirm the company’s business model and future plans given no employees and minimal activity reported.
• Review the valuation and liquidity of the freehold asset and whether it can be leveraged or disposed of if needed.
• Assess director’s plans to address negative equity and improve liquidity.