Company Number: 13274664

Analysis Date: 2025-07-20 17:08 UTC

1. Credit Opinion: DECLINE
   30th State Productions Limited exhibits persistent negative net current assets and shareholders' funds over its operating history, indicating ongoing financial distress and inability to cover short-term liabilities. The company's micro size and minimal fixed assets limit collateral value, and absence of profit or positive equity growth signals weak capacity to service debt. Without evidence of improving liquidity or profitability, credit extension would be high risk.

2. Financial Strength:
   The balance sheet shows total current assets of £248 against current liabilities of £2,103 as of 31 March 2024, resulting in net current liabilities of £1,855. Shareholders' funds are negative £1,855, reflecting accumulated losses and no retained earnings. This deteriorated further from previous years’ negative equity positions (£1,285 in 2023). The company holds no fixed assets and minimal share capital (£100). Such a capital structure and liquidity profile denote poor financial resilience.

3. Cash Flow Assessment:
   The company’s working capital is significantly negative, implying ongoing cash flow difficulties. Current assets mainly comprise minimal cash or receivables insufficient to meet short-term creditors. With only one employee and no audit requirement, operational scale is minimal, but the growing current liabilities suggest reliance on external funding or unpaid obligations. Cash flow generation capability appears limited or negative, raising concerns about liquidity risk.

4. Monitoring Points:

• Track changes in working capital and net current assets to detect any improvement in liquidity.
• Observe profit and loss account trends for moves toward profitability and equity restoration.
• Monitor director and shareholder support or capital injections that may shore up financial position.
• Watch for any overdue filings or signs of insolvency proceedings indicating operational or financial distress.