MAYBORN GROUP LIMITED
Company number 00419737 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
1. Risk Rating
MEDIUM
Mayborn Group Limited is solvent on its filed FY2023 balance sheet, with net assets of £30.0m, no overdue filing indicated and a long-established corporate history. However, the most recent detailed accounts available show a move from profit to loss, rising interest costs and a current asset position dominated by other debtors rather than cash. The financial stability of the parent company appears dependent on the performance and cash flows of its subsidiaries and on group funding arrangements.
2. Key Concerns
a) FY2023 earnings deterioration
The company reported an operating loss of £884,000 in FY2023, compared with an operating profit of £1.796m in FY2022. Loss before tax was £982,000 against a prior-year profit of £1.762m. As a holding company with zero employees, this suggests the cost base and financing charges now exceed income received.
b) Liquidity position relies on intercompany balances, not cash
Current assets of £15.315m consist almost entirely of “other debtors”, with no bank balance or cash equivalent disclosed in the filed accounts. Recoverability and timing of those debtor balances are therefore critical to the company’s liquidity. If the underlying subsidiaries are unable to upstream cash, the parent could face a funding shortfall.
**c) Rising long-term liabilities and