SILVERPALM LTD
Company number 04171953 · 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.
Financial Health Assessment: Silverpalm Ltd (04171953)
Financial Health Score: F – Critical Condition
This company is in a state of severe financial distress, exhibiting multiple signs of imminent failure including a proposal to strike off, negative working capital, depleted cash reserves, and persistent net liabilities. Without immediate intervention, the business is unsustainable.
Key Vital Signs
| Metric | Value (2025) | Interpretation |
|---|---|---|
| Cash Position | £103 | Critically low – less than a day’s operating buffer |
| Net Current Assets (Working Capital) | -£111,614 | Severe liquidity crisis – cannot meet short-term obligations |
| Net Assets (Equity) | £19,248 | Very thin cushion, down 36% from prior year |
| Retained Earnings | -£30,754 | Accumulated losses are deepening |
| Total Liabilities | £153,717 | Exceeds total assets (£42,103) – balance sheet insolvency |
| Fixed Asset Cover | £130,862 property vs £153,717 debt | Even selling the property leaves a shortfall |
| Filing Compliance | Confirmation Statement overdue; Proposal to Strike Off | Regulatory red flag – administrative health failing |
Diagnosis
Silverpalm Ltd is suffering from acute financial failure. The core problem is a severe working capital deficit: current liabilities of £153,717 far exceed current assets of £42,103, meaning the company cannot pay its debts as they fall due. This is a classic symptom of balance sheet insolvency under UK law (Section 123 of the Insolvency Act 1986).
The patient has been on a steady decline since 2020. Net assets have collapsed from £127,723 (2020) to just £19,248 (2025) – a loss of 85% of equity. Cash has evaporated from £117,258 to £103, a 99.9% cash burn. The only remaining asset of substance is an investment property valued at £130,862, but even this is less than the total liabilities of £153,717. The retained earnings are negative and deteriorating, indicating the business is generating losses year after year.
The filing of a Proposal to Strike Off is the regulatory equivalent of a "do not resuscitate" order – it confirms the company is being prepared for removal from the register. The overdue confirmation statement further signals that administrative compliance has broken down.
Comorbidities: The company has only one director and appears to have had no active trading (accounts state "EntityHasNeverTraded") despite being classified as a real estate company. The significant control is held by an individual with influence but not majority share ownership, which may complicate any rescue effort.
Recommendations
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Immediate Legal Advice: The proposal to strike off must be addressed urgently. If the company has outstanding liabilities, striking off may not be the correct route – creditors can object, and directors could face personal liability for wrongful trading.
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Formal Insolvency Process: Given the balance sheet insolvency and negative working capital, the director should consider entering creditors' voluntary liquidation (CVL) or administration to ensure orderly settlement of debts and protect against director misconduct claims.
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Stop Further Losses: Cease any activities that are consuming cash. Review the investment property – is it generating rental income that could be used to service debt? If not, a distressed sale may be the only way to repay creditors, though current liabilities exceed even that.
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Creditor Negotiation: Contact major creditors (the £153,717 in "other creditors" likely includes connected parties and trade creditors) to explore a time to pay arrangement or a voluntary arrangement (IVA) – but given the minimal cash, these options are likely unrealistic.
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Director's Personal Position: The director (Mrs F H name shown to subscribers) should take independent legal advice regarding potential personal liability for wrongful trading (under Section 214 Insolvency Act) and any guarantees given on company debts.
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No Further Investment Without Restructuring: Injecting more capital into this structure would only delay the inevitable unless a formal restructuring (e.g., company voluntary arrangement) is agreed with creditors.