ATHENA 39 LTD

Executive Summary

ATHENA 39 LTD is an early-stage micro-entity with minimal financial substance, reflected by a nominal balance sheet and absence of operational data. The company currently lacks the financial strength and cash flow to support credit facilities, resulting in a recommendation to decline credit at this time. Ongoing monitoring of financial progress and compliance filings is essential for future reassessment.

ATHENA 39 LTD - Analysis Report

Company Number: 14562666

Analysis Date: 2025-07-29 20:24 UTC

1. Credit Opinion: DECLINE
   ATHENA 39 LTD is a newly incorporated micro-entity with minimal financial substance. The latest filed accounts show nominal current assets and net assets of only £100, reflecting negligible operational scale or capitalization. There is insufficient evidence of revenue generation, profitability, or cash flow to support debt servicing. The company’s micro size and early stage limit its financial resilience and ability to withstand economic pressures. Without a track record or meaningful financial strength, extending credit would pose high risk.

2. Financial Strength:
   The balance sheet at 31 December 2023 reports current assets of £100 and no reported liabilities, resulting in net current assets and net assets of £100. This extremely low level of assets indicates the company has minimal working capital and no fixed assets. Shareholders’ funds equal net assets, consisting of initial capital contributions only. There is no indication of retained earnings or accumulated profits. The balance sheet reflects a startup entity with no financial buffer.

3. Cash Flow Assessment:
   No detailed cash flow statement or turnover figures are available. The company reports just one employee and nominal current assets, suggesting limited operating activity. The absence of significant current liabilities also indicates minimal trade payables or borrowing. However, the very low asset base implies a lack of liquidity to cover even modest expenses or unexpected cash needs. Working capital is positive but immaterial at £100.

4. Monitoring Points:

• Future annual accounts filings to assess revenue, profitability, and cash flow development
• Changes in asset base or working capital reflecting operational scale-up
• Director’s commentary or strategic updates indicating business plan viability
• Any increases in borrowing or trade creditors impacting liquidity
• Timely filing of accounts and confirmation statements to maintain compliance