Company Number: 13168907

Analysis Date: 2025-07-29 20:58 UTC

1. Credit Opinion: DECLINE
   Briskbook Limited shows a significant deterioration in financial health over the last year. The company’s shareholders’ funds have moved from a positive £4,451 in 2023 to a negative £5,883 in 2024, indicating an erosion of equity and potential insolvency risk. Current liabilities exceed current assets by approximately £17,000, reflecting poor liquidity and inability to cover short-term obligations from available assets. The company has no employees and limited capital (£1 share), suggesting limited operational scale and financial buffer. Without evidence of profitability or external capital injection, the risk of default on credit facilities is high.

2. Financial Strength: Weak
   The balance sheet shows current assets of £45,769 against current liabilities of £62,961 as of 28 Feb 2024. This yields a negative net current asset position of about £17,192, which signals working capital deficiency. The share capital is minimal (£1), and accumulated losses have reversed prior equity into a deficit. The company qualifies as a micro-entity but the rapid decline in net assets over one year suggests financial stress and insufficient reserves to absorb shocks or losses.

3. Cash Flow Assessment: Constrained Liquidity
   The company’s liquidity position is poor. Current liabilities are substantial relative to current assets, implying that short-term debts may not be met as they fall due without additional financing or capital injection. The increase in current assets is largely driven by prepayments and accrued income (approx. £11k), which may not be easily convertible to cash. The absence of employees hints at limited operational activity, potentially restricting cash inflows from trading. Overall, this constrains the company’s ability to service debt or meet creditor demands timely.

4. Monitoring Points:

• Track changes in net current assets and shareholders’ funds to detect any further deterioration.
• Monitor cash conversion cycle and actual cash balances for timely debt servicing capability.
• Watch for any capital injections or shareholder loans that may improve liquidity.
• Review director’s reports or filings for changes in business model or operational scale.
• Check for any overdue filings or creditor actions that might indicate worsening financial or compliance status.