CLEAR PATH SEMI-INDEPENDENT LIVING LIMITED

Executive Summary

Clear Path Semi-Independent Living Limited shows a deteriorated financial position with net liabilities and minimal liquidity, raising significant doubts about its ability to service debt. The absence of employees and operational income further weakens creditworthiness. Based on current financials, credit approval is not recommended without substantial improvement in financial health and cash flow generation.

CLEAR PATH SEMI-INDEPENDENT LIVING LIMITED - Analysis Report

Company Number: 14250200

Analysis Date: 2025-07-20 15:18 UTC

1. Credit Opinion: DECLINE
   Clear Path Semi-Independent Living Limited exhibits a weak financial position, with net liabilities of £12,025 as of 31 May 2024, a significant deterioration from a positive net asset position in prior years. The company has no employees and minimal current assets (£41), while current liabilities stand at £12,066. This raises serious concerns about the company's ability to meet its short-term obligations and service any new or existing debt facilities. There is no evidence of revenue generation or profitability to support credit approval. Without operational cash flow or assets to cover liabilities, extending credit would carry high risk.

2. Financial Strength:
   The balance sheet shows a net asset deficit of £12,025, driven by current liabilities exceeding current assets and accrued income. The company holds negligible cash and no fixed assets, indicating no tangible collateral. The movement from a positive net asset position in 2022 and 2023 to a significant negative position in 2024 suggests either losses or liabilities incurred without corresponding asset growth. The absence of employees and profit & loss data further limits insight into operational viability.

3. Cash Flow Assessment:
   Liquidity is critically constrained, with only £41 in current assets against over £12,000 in short-term liabilities. The presence of £900 in prepayments and accrued income offers limited near-term relief. The lack of staff and missing profit & loss accounts imply no active cash-generating operations. Working capital is deeply negative, indicating an inability to cover day-to-day expenses or debt repayments from current resources.

4. Monitoring Points:

• Monitor subsequent filings for evidence of revenue generation or capital injection that could restore financial health.
• Watch for any changes in current liabilities or additional creditor support.
• Track management actions to reduce liabilities or increase assets, including operational developments or restructuring.
• Review future confirmation statements and accounts to assess if the company remains a going concern.