Company Number: 12621912

Analysis Date: 2025-07-29 14:55 UTC

1. Credit Opinion: DECLINE
   Clicktive Enterprises Ltd shows significant and worsening negative net assets and working capital deficits over the last several years, with net liabilities increasing from £-11k in 2020 to £-71k in 2024. The company’s current liabilities substantially exceed current assets, indicating poor liquidity and an inability to meet short-term obligations from operating cash flows. The absence of employees and the micro-entity filing status further suggest minimal operational scale and limited business activity. Given the persistent negative equity, weak liquidity, and no signs of financial recovery, the company is not currently creditworthy for additional credit facilities without substantial improvement or external support.

2. Financial Strength:
   The balance sheet is weak with net liabilities of £71,024 as of June 2024, worsening from £67,429 the prior year. Fixed assets are negligible (£310) relative to sizeable short-term creditors (£73,122). Net current assets are negative by over £71k, reflecting a working capital deficiency that exposes the company to risk of insolvency if liabilities come due. The company has minimal share capital (£2) and negative shareholders funds, indicating erosion of equity. No retained earnings or reserves are reported. Overall, the financial position is fragile and indicates ongoing losses or cash drains.

3. Cash Flow Assessment:
   Current assets are primarily low at £1,788 with no indication of cash or equivalents sufficient to cover current liabilities of £73,122. This large imbalance points to poor liquidity and potential dependence on external funding or delayed payments from creditors. The average number of employees dropped to zero in 2024, which may reduce cash outflows but also signals limited operational activity and potential difficulties generating revenue internally. The lack of profit and loss data limits detailed cash flow analysis, but the negative net current assets strongly suggest cash flow constraints.

4. Monitoring Points:

• Liquidity ratios, especially current ratio and quick ratio, to track short-term solvency
• Trends in net current assets and net liabilities to assess financial trajectory
• Cash flow statements (if available) for operating cash sufficiency
• Any changes in ownership or director conduct, given the recent resignation of a director and PSC status
• Filing compliance and potential audit requirements given ongoing financial deterioration
• Business operational activity and employee numbers for signs of revival or further decline