Company Number: 14784785

Analysis Date: 2025-07-20 11:52 UTC

1. Credit Opinion: DECLINE
   Chrisaliss Ltd shows a negative net asset position of £6,178 and net current liabilities of £10,018 as of April 2024, despite being a micro-entity in its first year of operation. The negative working capital and net liabilities indicate the company currently lacks sufficient short-term resources to cover its debts, raising concerns about its ability to meet financial obligations and service any credit facilities. Given the absence of operating profit details and its recent incorporation, the business has yet to demonstrate financial stability or resilience. Therefore, extending credit at this stage presents a high risk.

2. Financial Strength:
   The balance sheet reveals minimal fixed assets (£3,853) and current assets (£29,654) mainly offset by higher current liabilities (£39,672). The net liabilities of £6,178 highlight an equity deficit, which undermines the company’s financial strength. As a newly incorporated micro company with just one employee (the director), it is likely in the start-up phase with limited capital backing. The absence of retained earnings or positive reserves further weakens the financial foundation.

3. Cash Flow Assessment:
   The negative net current assets position suggests liquidity constraints, with current liabilities exceeding current assets by over £10,000. Without sufficient cash or liquid assets to cover short-term obligations, the company may face difficulties in managing day-to-day operations or unexpected expenses. There is no cash flow statement available, but the balance sheet alone signals tight working capital management is required. The director’s reliance on external funding or personal resources is implied.

4. Monitoring Points:

• Improvement in net current assets and reduction of liabilities relative to current assets
• Generation of positive retained earnings and building shareholders’ funds
• Timely filing of future accounts and confirmation statements to ensure compliance
• Cash flow trends on a monthly basis to detect liquidity pressures early
• Business development progress in the real estate agency sector to assess revenue growth and profitability