Company Number: 12627289

Analysis Date: 2025-07-20 15:09 UTC

1. Credit Opinion: DECLINE
   Benjamin Moses Group Limited shows a deteriorating financial position with net liabilities of £50 as of May 2024, down from positive net assets in prior years. The company’s balance sheet reflects increasing current liabilities and negative working capital, suggesting poor liquidity and limited capacity to service debt. The absence of significant assets to cover liabilities and a negative equity position raise concerns about financial stability and repayment ability. The company is micro-sized, with minimal turnover details provided, and appears to have no diversified funding or external capital. Director control is concentrated, which may limit financial oversight. Given these factors, extending credit would be high risk without substantial guarantees or collateral.

2. Financial Strength:
   The company’s financial strength has declined sharply. From 2021 to 2024, net assets fell from £12,035 positive to negative £50, driven by a rise in current liabilities to £200 while total assets have decreased. Fixed assets disappeared from the 2024 balance sheet, indicating possible disposals or impairments. Share capital is minimal at £1.00 (called up share capital unpaid at £150). The lack of retained earnings and net negative equity signals erosion of capital and inability to absorb losses. Overall, the balance sheet shows vulnerability with insufficient asset backing for liabilities.

3. Cash Flow Assessment:
   Current liabilities exceed current assets, resulting in negative net current assets of £200 in 2024. Although the micro-entity accounts do not provide a cash flow statement, the working capital deficit implies tight liquidity. The company likely faces challenges meeting short-term obligations without additional funding or improved operational cash inflows. The small scale of operations with one employee and limited transactional history increases the risk of cash flow volatility. No indication of external financing or credit lines is apparent.

4. Monitoring Points:

• Track net current assets and net liabilities for further deterioration or improvement.
• Monitor timely filing of accounts and confirmation statements to assess management discipline.
• Watch for any changes in director appointments or shareholder structure for governance concerns.
• Review any new financing arrangements or capital injections that might bolster liquidity.
• Assess any changes in business activity or strategic direction, especially as the SIC code relates to property unit trusts, which may have cyclical risks.