Company Number: 13559440

Analysis Date: 2025-07-20 18:35 UTC

1. Credit Opinion: DECLINE
   Be-Games Limited exhibits a very weak financial position with significant negative net assets (£-314k as of August 2024) and current liabilities vastly exceeding current assets (£3.8k vs £316.2k). This negative working capital and shareholders’ funds deficit indicate an inability to meet short-term obligations from existing liquid resources, posing a high credit risk. The company has no employees and relies presumably on directors or external funding, which adds operational risk. Without evidence of profitable trading or capital injections, the repayment capacity for any credit facility is doubtful.

2. Financial Strength:
   The balance sheet shows persistent and worsening negative equity from incorporation through 2024. Current liabilities have increased from £217.9k in 2021 to over £316k in 2024, while current assets remain minimal. The company has no fixed assets reported and no staff, implying no tangible asset backing or business scale to improve financial strength. The negative net assets reflect accumulated losses or shareholder deficit financing, undermining solvency.

3. Cash Flow Assessment:
   Current assets largely consist of minimal cash or equivalents (£3.8k), which is insufficient to cover current liabilities due within one year. The working capital position is severely negative at about £-312k, indicating liquidity stress. There is no indication of operational cash inflows or sufficient cash reserves to service debts or finance ongoing operations. This poor liquidity position suggests high risk of payment default without external funding.

4. Monitoring Points:

• Monitor changes in current liabilities and current assets for any improvement in working capital.
• Track any capital injections or shareholder loans that could strengthen equity and liquidity.
• Review any filed profit and loss information or management commentary for signs of revenue growth or cost control.
• Watch for timely filing of accounts and returns as a proxy for management discipline.