Company Number: 14320631

Analysis Date: 2025-07-20 15:50 UTC

1. Credit Opinion:
   DECLINE. Christyle Support Services Ltd shows persistent net liabilities and negative working capital over the last three years, indicating financial distress and insufficient resources to meet short-term obligations. The company’s inability to generate positive net assets or maintain adequate liquidity raises significant concerns about its capacity to service debt or honor commercial agreements. Without a clear turnaround plan or capital injection, extending credit is high risk.

2. Financial Strength:
   The company has negative shareholders’ funds of £269 as at 31 August 2024, deteriorating slightly from £241 the previous year. Fixed assets are minimal (£360) and declining in value due to depreciation. Current liabilities (£1,508) nearly double current assets (£879), resulting in a net current liability position of £629, reflecting poor balance sheet health. The equity base is negligible with only £1 share capital issued.

3. Cash Flow Assessment:
   Cash on hand improved from £11 to £879, which is positive but still insufficient to cover immediate liabilities (£1,508). Negative working capital and the absence of other current assets (e.g., receivables or inventory) suggest cash flow constraints. The company’s liquidity position is weak, increasing the risk of default on short-term payables without external funding or operational improvements.

4. Monitoring Points:

• Liquidity trends: monitoring cash and current asset levels versus current liabilities
• Profitability and cash generation in upcoming periods to improve reserves
• Any capital injections or restructuring efforts to restore equity
• Director actions regarding improving working capital and controlling costs
• Timely filing of accounts and returns to assess ongoing financial transparency