CARDIO AND COGNITIVE LAB LIMITED

Executive Summary

Cardio and Cognitive Lab Limited is a newly incorporated micro-entity with a negative net asset position and negligible current assets, indicating insolvency and lack of trading activity. The company’s financial profile does not support credit extension at this stage due to poor liquidity and insufficient operational history. Continuous monitoring of future filings and business development is essential before reconsidering credit exposure.

CARDIO AND COGNITIVE LAB LIMITED - Analysis Report

Company Number: 14458677

Analysis Date: 2025-07-29 12:11 UTC

1. Credit Opinion: DECLINE
   The company shows a negative net asset position of £3,054 due to long-term creditors of £3,069 exceeding its current assets of £15. This indicates the company is currently insolvent on a balance sheet basis. There is no evidence of revenue or operational activity (zero employees, minimal assets), and the company is in its first full financial year after incorporation. Without a track record of trading, profitability, or cash flow generation, the risk of non-repayment is high. Management quality cannot be assessed positively given the weak financial foundation and lack of operational data. Therefore, credit approval is not advised at this stage.

2. Financial Strength:
   The balance sheet is very weak. Fixed assets are nil, and current assets stand at a mere £15, which is negligible. Current liabilities are reported as zero, but there are non-current liabilities (creditors over one year) of £3,069, leading to negative shareholder funds of £3,054. This indicates that the company has outstanding obligations it cannot currently meet with its assets. The micro-entity classification and lack of trading history further underscore the fragile financial position.

3. Cash Flow Assessment:
   Cash flow assessment is constrained by minimal data. With only £15 in current assets and no reported employees or trading activity, there is no visible source of operating cash inflow. The existence of long-term creditors implies the company has obligations coming due in the future, but no liquidity to cover these. Working capital is effectively negative once long-term liabilities are considered, raising concerns about the company’s ability to meet future financial commitments.

4. Monitoring Points:

• Filing of next accounts and confirmation statements to check for changes in financial position and activity.
• Any new trading activity or revenue generation to assess operational viability.
• Changes in liabilities, especially creditor terms and amounts.
• Directors’ actions to raise capital or restructure debt to improve solvency.
• Potential related party transactions given that all three directors have significant control, which might impact credit risk.