Company Number: 14226154

Analysis Date: 2025-07-20 12:13 UTC

1. Credit Opinion: DECLINE
   CODA CREATIVE LTD exhibits a persistently negative net asset position over three consecutive years, with net liabilities around £13,770. The company’s current liabilities significantly exceed its current assets, indicating poor liquidity and a weak working capital position. The absence of employees and minimal current assets (£1,032) suggests limited operational scale and capacity to generate cash flow to meet obligations. Given these factors, the company currently lacks the financial strength and cash flow capability to service any additional debt or credit facilities reliably.

2. Financial Strength:
   The balance sheet shows consistent negative net assets and shareholders’ funds, reflecting accumulated losses or undercapitalization since incorporation in 2022. The current liabilities (_{£14,800) dwarf current assets, resulting in a negative net working capital position (}-£13,770). No fixed assets or significant tangible assets are reported, further weakening collateral coverage. The company is classified as a micro-entity with minimal financial substance, indicating fragile financial health and high risk.

3. Cash Flow Assessment:
   With current liabilities substantially exceeding current assets and no employees, the company’s operating cash flow is likely negligible or negative. The working capital deficit highlights an inability to meet short-term obligations without external funding or capital injections. The absence of audit and reliance on micro-entity accounting provisions means detailed cash flow data is unavailable, but the balance sheet position strongly suggests poor liquidity and cash generation.

4. Monitoring Points:

• Improvement in net current assets and net asset position to reduce financial risk
• Evidence of positive cash flow generation or capital injections to cover liabilities
• Changes in business scale, including staff or asset acquisition, to improve operational capacity
• Timely filing of accounts and confirmation statements to ensure compliance
• Watch for any director changes or adverse conduct records that may impact governance