Company Number: 12845943

Analysis Date: 2025-07-20 15:28 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Cyberboard Limited is a micro private limited company operating in IT consultancy and related services. The company shows positive net assets but has experienced a material decline in net assets from £10,501 in 2023 to £7,028 in 2024. This asset reduction and a decrease in current assets from £10,861 to £7,388 indicate weakening financial resources. However, no current liabilities are specifically noted, and the company remains active without overdue filings. The small scale of operations (one employee) and limited financial disclosure constrain confident approval. Lending or credit extension should be conditional on obtaining more detailed cash flow forecasts and confirmation of ongoing contracts to ensure debt servicing capability.

2. Financial Strength:
   The balance sheet reflects a modest but positive net asset position of £7,028 as at 31 August 2024, funded entirely by shareholders’ funds. There are no fixed assets reported, implying limited capital investment and reliance on current assets for liquidity. The current assets have declined by approximately 32% year over year, which may indicate reduced receivables, cash, or stock. No current liabilities are reported in the latest accounts, suggesting limited short-term debt obligations. The company’s micro-entity status and low share capital (£2) reflect a small financial base with limited capacity to absorb shocks.

3. Cash Flow Assessment:
   Current assets of £7,388 provide some liquidity but have decreased significantly from the previous year. Without detailed profit and loss data or cash flow statements (not filed under micro-entity exemptions), assessing operational cash generation is difficult. The absence of current liabilities in the latest accounts is positive for liquidity management, but the declining asset base raises concerns about working capital sufficiency. The company employed only one person and has minimal overheads, which may reduce cash burn, but further insight into contract income and payment terms is needed.

4. Monitoring Points:

• Monitor subsequent filings for accounts and confirmation statements to ensure ongoing compliance and no emerging liabilities.
• Watch trends in current assets and net assets for further declines that could impair liquidity.
• Obtain updated management accounts or cash flow forecasts to verify the ability to meet debt obligations.
• Review any material changes in customer contracts or payment terms that could impact cash flow.
• Track director and PSC activities for changes that may affect control or company strategy.