Company Number: 13273826

Analysis Date: 2025-07-20 13:39 UTC

1. Credit Opinion: DECLINE
   CHASE&CO LTD is a micro private limited company with a very limited asset base and minimal current assets as of the latest accounts (FY 2024). The sharp decline in current assets from £5,820 in FY 2023 to £834 in FY 2024, accompanied by a reduction in net assets from £2,492 to £2,073, indicates a weakening financial position. There is no evidence of revenue or profitability data, but the working capital remains positive, albeit very low. The company has no employees and minimal fixed assets, suggesting a very small or dormant operational scale. Given these factors, it is unlikely CHASE&CO LTD has sufficient cash flow or asset coverage to service debt or credit facilities reliably at this stage.

2. Financial Strength:

• Fixed assets have slightly decreased from £1,377 to £1,239 over the last year.
• Current assets dramatically decreased from £5,820 to £834, while current liabilities data is limited but net current assets remain positive at £834 (FY 2024).
• Total net assets declined by approximately 17% year-on-year, indicating some erosion of equity.
• Share capital is nominal (£1), and shareholders’ funds are thin (£2,073). The balance sheet is very small and fragile with limited resource buffer against financial stress.

3. Cash Flow Assessment:

• The reduction in current assets suggests cash or receivables have significantly diminished, potentially impacting liquidity.
• No employees and no off-balance sheet liabilities reported, which might reduce operating cash outflows but also reflect minimal business activity.
• No indication of external borrowings or long-term debt, but limited liquid assets raise concerns about the company’s ability to meet short-term obligations or absorb unexpected expenses.

4. Monitoring Points:

• Closely monitor future filings for evidence of revenue generation and profitability to assess business viability.
• Watch current asset trends and particularly cash balances to evaluate liquidity improvements or deterioration.
• Review any changes in liabilities or introduction of debt facilities that could stress cash flows.
• Track director actions and company filings for any signs of restructuring or operational changes that might affect creditworthiness.