Company Number: 14294049

Analysis Date: 2025-07-20 12:34 UTC

1. Risk Rating: HIGH
   Billion Chances Ltd displays significant solvency and liquidity concerns, evidenced by large and increasing net current liability and negative shareholders’ funds over three consecutive years. The company's ongoing operational viability appears materially compromised.

2. Key Concerns:

• Severe Negative Net Current Assets: The company’s net current liabilities are substantial (£90,739 in 2024) and worsening over time, indicating inability to cover short-term obligations from current assets.
• Persistently Negative Shareholders’ Funds: Shareholders’ equity is deeply negative (£90,739 in 2024), reflecting accumulated losses and potential insolvency risk.
• High Creditors and Trade Payables: Creditors due within one year remain high (£103,311 in 2024) compared to cash and debtors (£12,572), signifying cash flow strain and potential payment delays.

3. Positive Indicators:

• Timely Filing and Compliance: The company is active and up to date with accounts and confirmation statement filings, indicating regulatory compliance and governance discipline.
• Single Director with Clear Control: Ownership and control are consolidated under one director and PSC, which can facilitate swift decision-making.
• Modest Increase in Cash and Debtors: Cash increased from £598 in 2023 to £8,752 in 2024, and debtors are present (£3,820), suggesting some operational receipts.

4. Due Diligence Notes:

• Examine Underlying Causes of Negative Equity: Investigate operational history, revenue trends, and accumulated losses to understand root causes of financial distress.
• Assess Cash Flow Forecasts and Liquidity Plans: Review management’s short-term and medium-term cash flow projections and any plans to address creditor settlements.
• Review Terms and Composition of Creditors: Identify nature of creditors, any overdue payments, and if any creditors have initiated collection or legal action.
• Understand Business Model and Revenue Generation: Given SIC codes related to retail sale via internet/mail order and beverages, clarity on revenue streams and market position is needed.
• Confirm No Director Disqualifications or Legal Issues: Validate director conduct records and absence of legal/regulatory sanctions.