ASPOREA LTD

Executive Summary

ASPOREA LTD presents a financially weak profile with negative net assets and no current assets to cover liabilities, raising significant doubts about its ability to meet credit obligations. The company’s micro-entity status and minimal equity base limit its financial resilience and operational scale. Credit facilities are not recommended without substantial evidence of improved liquidity or capital support.

ASPOREA LTD - Analysis Report

Company Number: 12991026

Analysis Date: 2025-07-20 14:39 UTC

1. Credit Opinion: DECLINE
   ASPOREA LTD’s most recent financials reveal a deteriorated balance sheet with negative net current assets and net liabilities recorded at £4,046 as of November 2023. The company shows no current assets and has current liabilities exceeding zero, indicating strained liquidity. The lack of cash or receivables to cover short-term obligations raises concerns about its ability to service debt or meet payment terms reliably. Given the micro-entity size, minimal equity base (£1 share capital), and absence of growth in assets, the company’s financial resilience is weak. Without evidence of positive cash flows or improved working capital, extending credit is high risk.

2. Financial Strength: Weak
   The balance sheet shows a decline from a small positive net asset position (£3,968) in 2021 to a negative position in 2023 (-£4,046). Current liabilities are not adequately matched by current assets, creating a working capital deficit. Shareholders’ funds are negative, indicating accumulated losses or liabilities exceeding assets. The absence of fixed or current assets further diminishes collateral value. This fragile financial position suggests limited capacity to absorb shocks or fund operations without additional capital injections.

3. Cash Flow Assessment: Poor Liquidity
   Current assets dropped to zero, implying no cash, stock, or receivables available to meet immediate liabilities of £4,046. This negative working capital position signals potential cash flow difficulties. The company employs only one individual, indicating very small scale operations, which may limit revenue generation and cash inflows. Without current assets, the company is vulnerable to insolvency risk if liabilities crystallize or payment demands arise.

4. Monitoring Points:

• Timely submission of next accounts and confirmation statement to monitor financial improvements or deterioration.
• Changes in current assets and liabilities to assess liquidity trends.
• Cash flow statements (if available in future filings) for operating cash generation.
• Any capital injections or changes in shareholding that might strengthen equity.
• Director conduct and credit history for governance quality and risk of management issues.