360 CARE AND SUPPORT LTD

Executive Summary

360 Care And Support Ltd exhibits a weak financial position with negative net assets and liquidity shortfalls at its first year-end. The company’s ability to service debt or credit facilities is currently doubtful, warranting a credit decline. Close monitoring of liquidity improvements and capital restructuring is essential before reconsidering credit exposure.

360 CARE AND SUPPORT LTD - Analysis Report

Company Number: 14721186

Analysis Date: 2025-07-20 14:47 UTC

1. Credit Opinion: DECLINE
   360 Care And Support Ltd is a newly incorporated micro-entity with a very weak financial position at its first year-end. The company reports net liabilities of approximately £69,800 and negative net current assets of £20,100, indicating poor balance sheet strength and insufficient short-term liquidity to meet obligations. The total liabilities exceed total assets, with significant long-term creditors (£60,667) and current liabilities exceeding current assets. Given these factors and the lack of operating history, the ability to service debt or credit facilities is highly questionable. The single director and 100% shareholder, Mr. Mark Thompson, controls the company, but there is no evidence of financial resilience or positive cash flow trends. Without substantial capital injection or a clear turnaround plan, the risk profile is high and credit approval is not recommended at this stage.

2. Financial Strength:
   The balance sheet shows a negative net asset position (£-69,827) driven by liabilities exceeding assets. Fixed assets are minimal (£10,944), and current assets (£34,850) do not cover current liabilities (£54,954). The company has significant liabilities due after more than one year (£60,667), worsening solvency concerns. Shareholders’ funds are negative, reflecting accumulated losses or initial funding shortfalls. The micro-entity status limits financial disclosures but the figures indicate weak capitalization and potential dependence on external funding or director support.

3. Cash Flow Assessment:
   The negative net current assets position signals liquidity stress; current liabilities outstrip current assets by over £20,000. With only two employees and little operating history, working capital management and cash inflows are unproven. Given the company’s negative net assets and the absence of cash flow data in the filing, it is reasonable to assume that the company may struggle to meet short-term obligations without additional financing or improved cash conversion. This presents a high risk of payment delays or default under credit terms.

4. Monitoring Points:

• Improvement in net current assets and liquidity ratios in subsequent filings.
• Evidence of positive operating cash flow and profit generation.
• Reduction in creditors, especially long-term liabilities.
• Capital injections or refinancing activities by the shareholder.
• Stability and experience of management in executing the business plan.