Company Number: 13645111

Analysis Date: 2025-07-20 12:23 UTC

1. Credit Opinion: DECLINE
   Barrow Clifford Ltd’s latest financials reveal a significant deterioration in its liquidity and net asset position. The company shifted from a strong net current asset position (£250k in 2023) to a net current liability position (-£80) in 2024, with net assets declining to a negative £80. The absence of cash and minimal current assets (£426) against creditors due imminently (£506) indicate inability to meet short-term obligations without external support. Additionally, zero employees and ongoing name changes suggest possible instability or restructuring. These factors collectively undermine confidence in the company’s capacity to service debt or sustain credit facilities at this time.

2. Financial Strength:
   The balance sheet shows a sharp decline from a £250,000 net current asset buffer and no net liabilities beyond one year in 2023 to a negative net asset position in 2024. Total assets less current liabilities moved from £250,000 to -£80, signaling erosion of equity. Shareholders’ funds are negative, reflecting accumulated losses or withdrawals exceeding equity contributions. The company operates with minimal working capital and no cash reserves, indicating very weak financial resilience and limited resource base to absorb shocks or invest.

3. Cash Flow Assessment:
   Cash at bank has dropped from £10,378 in 2023 to zero in 2024, and current assets are almost entirely debtors (£426), which may not be readily realizable. Current liabilities slightly exceed current assets, resulting in a working capital deficit. This suggests liquidity stress and potential difficulties in meeting immediate financial commitments. The absence of employees implies limited operating activity, raising questions on cash inflows and ongoing revenue generation.

4. Monitoring Points:

• Monitor filing of next accounts and any significant changes in cash balances or current liabilities.
• Watch for any new debt facilities or capital injections to improve liquidity.
• Track director and ownership changes or further company restructures that might affect credit risk.
• Review any disclosed related-party transactions or significant debtor concentration that could impact collectability.