Company Number: SC684393

Analysis Date: 2025-07-29 19:38 UTC

1. Credit Opinion: DECLINE. Athletic Origin Ltd demonstrates persistent negative net assets and net current liabilities over the last four financial years, indicating ongoing financial distress and insufficient working capital to meet short-term obligations. The absence of employees and minimal share capital (£1) further signals a very small scale operation with limited financial robustness. Given the negative equity position worsening from -£6,169 in 2020 to -£9,486 in 2023, the company’s ability to service additional debt or credit facilities is highly questionable without external capital injection or turnaround.

2. Financial Strength: The balance sheet shows consistent negative net assets and shareholders’ funds, reflecting accumulated losses or creditor funding exceeding company assets. Current liabilities exceed current assets by £9,486 as of 2023, indicating insufficient liquidity. The micro-entity status and lack of fixed assets suggest limited collateral availability. Overall, the company’s financial position is weak with no signs of asset growth or equity strengthening.

3. Cash Flow Assessment: With current liabilities nearly double current assets and negative net current assets, the company likely faces tight liquidity constraints. The lack of disclosed profitability or cash flow statements limits detailed cash flow analysis, but working capital deficits imply difficulty in meeting short-term liabilities. The absence of employees may reduce overhead but also suggests low operational scale and possibly limited cash inflows. This weak liquidity position presents a high risk for cash flow shortfalls.

4. Monitoring Points:

• Trends in net current assets and net assets—watching for improvement or further deterioration.
• Timely filing of accounts and confirmation statements to gauge management compliance.
• Any material changes in share capital or external funding that could improve equity.
• Operational scale changes such as employee numbers or revenue growth if data becomes available.
• Director’s conduct and credit history for signs of management quality and stability.