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Overdue accounts red flag?

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opaltimer · 06/05/2024 14:38

A business I'm looking to buy furniture from has overdue accounts this year on companies house. Looking back to last years accounts, it had negative (£65k) reserves and this year, its holding company reserves are (£115k) negative. Red flag and run? Or just late filing no big deal? It's a small company not national chain. Not sure how to proceed but tempted to go elsewhere

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