Company Number: 12590214

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

1. Credit Opinion: DECLINE
   AMJACC Ltd shows a very weak financial position with minimal current assets (£18) against current liabilities (£170) as of the latest year, though technically net current assets are positive due to prepayments. The company’s net assets are only £123, a significant decline from prior years. Operating without employees and with negligible fixed assets, the business appears to have limited operational scale and financial buffer. This raises concerns about the ability to generate sufficient cash flow to meet financial obligations or service debt. There is no indication of profitability or growth, and the company remains reliant on its director who is an accountant but has not demonstrated financial strength through results. Without stronger financials or collateral, the risk of non-payment is elevated.

2. Financial Strength:
   The balance sheet is very thin with net assets of £123 and total assets less current liabilities at the same low level. Fixed assets have been written down to zero, and current assets have fallen sharply from £272 to £18. Current liabilities have dropped but still exceed current assets excluding prepayments. The company is categorized as a micro entity with no employees and minimal operational scale. The lack of tangible assets and very low equity base limit financial resilience. The downward trend in net assets from a negative £489 in 2021 to barely positive in 2024 suggests ongoing financial stress, despite some improvement in liabilities.

3. Cash Flow Assessment:
   Current assets are minimal, primarily cash or equivalents at £18, which is insufficient to cover short-term liabilities of £170. However, the accounts note prepayments and accrued income of £275 which, if collectible, improve net working capital. Still, the cash buffer is very thin, and with no employees or fixed assets generating income, cash inflows are uncertain. The company likely depends on owner funding or external support to maintain liquidity. The absence of a profit and loss statement restricts assessment of operating cash flow, but balance sheet indicators imply constrained liquidity and working capital.

4. Monitoring Points:

• Monitor upcoming annual accounts for signs of improved asset base or profitability.
• Watch for any increase in current liabilities or overdue payments indicating worsening liquidity.
• Track director’s ongoing financial support or new capital injections.
• Review confirmation statements and filings to ensure no change in company status or director appointments that might signal distress.
• Evaluate ability to generate cash flow from business activities if operational scale changes.