BAR TOOLS EXPRESS LIMITED

Executive Summary

Bar Tools Express Limited is a recently registered micro company currently in a negative net asset and working capital position, with no trading history to demonstrate viability. Due to the weak financial footing and insufficient cash flow data, credit facilities are not advisable at this stage. Close monitoring of future financial filings and operational progress is recommended before reconsidering credit exposure.

BAR TOOLS EXPRESS LIMITED - Analysis Report

Company Number: 14666732

Analysis Date: 2025-07-20 11:41 UTC

1. Credit Opinion: DECLINE
   Bar Tools Express Limited is a newly incorporated micro-entity (since 2023) with its first financial statements showing negative net assets and working capital. The net current liabilities of £3,051 and net liabilities of £3,591 indicate the company is currently insolvent on a balance sheet basis. With no employees and limited operational history, there is insufficient evidence of positive cash flow or profitability to support loan repayments or credit risk. The directors have not provided a profit and loss account, limiting insight into revenue or expense trends. Given the weak financial position and lack of trading performance data, extending credit at this stage involves high risk.

2. Financial Strength:
   The balance sheet as of 28 February 2024 shows very limited current assets (£849), outweighed by current liabilities of £3,900. The company has accrued deferred income of £540, further indicating liabilities ahead. Negative shareholders’ funds of £3,591 confirm a deficit position. Absence of fixed assets suggests no collateral base. Overall, the financial structure is fragile with no retained earnings and negative equity. The company’s micro status and recent formation mean there is no track record of financial resilience or growth.

3. Cash Flow Assessment:
   Current liquidity is inadequate, with net current liabilities of £3,051 indicating working capital deficiency. The minimal current assets, presumably cash or receivables, are insufficient to cover short-term obligations. Without a profit and loss statement or cash flow report, it is not possible to verify operational cash generation. The lack of employees and the nature of business (retail via internet and wholesale) suggests some potential for cash sales, but the existing deficit and new establishment imply cash flow pressures in near term.

4. Monitoring Points:

• Future filed accounts including profit and loss and cash flow statements to assess operational performance.
• Changes in net current assets and net assets to observe progress toward positive equity.
• Receivables and payables aging to evaluate credit control effectiveness.
• Sales growth and gross margin trends to determine business viability.
• Director and ownership stability as all three directors hold significant share and voting rights.