CEDAR CAMPERVANS LTD

Executive Summary

CEDAR CAMPERVANS LTD demonstrates critical financial weakness with zero turnover and escalating losses leading to negative equity and high long-term liabilities. The company lacks operational activity and sufficient liquidity to service debt, presenting a high credit risk. Approval of credit facilities is not recommended based on current financials and business trajectory.

CEDAR CAMPERVANS LTD - Analysis Report

Company Number: 13198860

Analysis Date: 2025-07-19 12:56 UTC

1. Credit Opinion: DECLINE
   CEDAR CAMPERVANS LTD shows no turnover over the past three financial years and has persistently incurred losses, resulting in negative shareholders’ funds that have nearly doubled from -£6,837 to -£12,825. The company’s liabilities due after more than one year increased to £36,595 against minimal current assets (£109), indicating poor debt coverage. The absence of revenue and continued losses suggest the company lacks the ability to service debt or generate cash inflows necessary to meet financial obligations. There is also no evidence of business growth or operational activity, raising significant credit risk.

2. Financial Strength:
   The balance sheet reveals a weak financial position. Fixed assets stand at £23,661 but the company has substantial long-term creditors (£36,595). Net current assets are positive but negligible (£109), offering no meaningful working capital buffer. The negative net assets (-£12,825) and shareholders funds reflect accumulated losses and capital erosion. The micro-entity status limits disclosure, but the data suggests the company is financially distressed with insufficient equity and high leverage.

3. Cash Flow Assessment:
   There is no reported turnover or operating income, implying negligible cash inflows from core activities. Current assets are minimal and unlikely to be cash or receivables of substance. Without operating cash generation, the company’s ability to cover current liabilities or service long-term debts is doubtful. The absence of staff costs and employee numbers indicates limited operational activity, further weakening cash flow prospects.

4. Monitoring Points:

• Turnover generation: Watch if the company begins generating revenue to support operations and debt servicing.
• Debt levels: Monitor creditor balances and any changes in long-term liabilities.
• Management actions: Observe any restructuring, new capital injections, or strategic changes to improve financial health.
• Filing compliance: Maintain oversight on timely accounts and confirmation statement filings to detect governance issues.