Company Number: 13269680

Analysis Date: 2025-07-20 12:02 UTC

1. Credit Opinion: DECLINE
   Actifinder Ltd shows a deteriorating financial position with net current liabilities of £7,967 as of 31 March 2024, compared to net current assets of £1,951 the previous year. The company’s shareholders' funds have turned negative at £-4,659, indicating an erosion of equity and a weak capital base. The company has minimal share capital (£2.00) and relies on director loans that are unsecured, interest-free, and without agreed repayment terms, which increases credit risk. Given the sustained working capital deficits and negative net assets, the ability to service external debt or new credit facilities is questionable at this stage.

2. Financial Strength:
   The balance sheet shows fixed assets of only £3,308, mostly immaterial in size, and current assets of £3,034, which are insufficient to cover current liabilities of £11,001. The company’s declining net asset position from a positive £2,096 in prior years to a deficit undermines financial resilience. The negative equity position suggests accumulated losses or withdrawals exceeding retained earnings. The financial trend is negative and warrants caution.

3. Cash Flow Assessment:
   The significant working capital deficit implies liquidity constraints. Current liabilities exceed current assets by a large margin, indicating potential difficulties meeting short-term obligations as they fall due. The company’s reliance on director advances, which have increased slightly, further suggests operational cash flow challenges. There is no evidence of external financing or cash reserves that could support liquidity needs.

4. Monitoring Points:

• Monitor quarterly cash flow forecasts and liquidity ratios closely.
• Watch for any changes in director loan arrangements or additional external funding.
• Review any improvements in working capital management or asset base expansion.
• Track timely filing of accounts and confirmation statements to ensure regulatory compliance and transparency.
• Evaluate any operational changes or strategic initiatives aimed at restoring profitability and equity.