Company Number: 12500183

Analysis Date: 2025-07-20 16:40 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   ACTION VISION ZERO C.I.C. is a small, private company limited by guarantee engaged in social work activities without accommodation. The company shows no liabilities and holds modest cash reserves, but it has no tangible or intangible assets and no trading income, relying solely on grants for funding. The absence of liabilities and a positive net current asset position support the ability to meet short-term obligations. However, lack of revenue diversification, no trading income, and reliance on external grants introduce risk. The company’s creditworthiness would benefit from confirmation of ongoing grant funding and clear plans for sustainable cash inflows. For credit facilities, a condition requiring regular financial updates and assurance of funding continuity is advisable.

2. Financial Strength
   The balance sheet reflects a minimal asset base consisting entirely of cash with no fixed assets or receivables. Net current assets stand at £7,802 as of March 2024, down from £11,550 the previous year, indicating some consumption of cash reserves. There are no current or long-term liabilities, and net assets are zero due to accrual adjustments. Shareholders' funds are nil, consistent with the company’s structure as a CIC limited by guarantee with no share capital. Overall, the financial position is weak in terms of capital but stable with no debt obligations.

3. Cash Flow Assessment
   Cash reserves are modest and have decreased by approximately £3,700 over the past year, reflecting operational outflows funded by grants. The company has no debt and no current liabilities, so liquidity risk is low in the short term. However, the absence of trading income means cash inflows are dependent on external grant funding, which may not be guaranteed. Working capital is positive but limited, emphasizing the importance of monitoring cash flow closely and ensuring timely receipt of grants.

4. Monitoring Points

• Continuity and stability of grant funding sources to support ongoing operations
• Cash reserve trends and any emerging liabilities or commitments
• Any developments in revenue streams, including diversification beyond grants
• Timeliness and completeness of statutory filings and financial reporting
• Management engagement and governance, particularly given the small director team and no remuneration