Company Number: 13135572

Analysis Date: 2025-07-20 14:01 UTC

1. Credit Opinion: DECLINE
   Deevir Ltd shows concerning financial metrics for credit approval. Despite being active and compliant with filing deadlines, the company has a very low net asset base (£855) relative to significant long-term liabilities (£206,250). The net current assets are negative (around -£78k), indicating liquidity stress and insufficient working capital to cover short-term obligations. No trading income or cash flow data is provided, and no employees are recorded, suggesting minimal operational activity. The financial position shows stagnation with no improvement over three years, raising doubts about the company's ability to service debt or meet creditor demands.

2. Financial Strength:
   The balance sheet is heavily leveraged by a large creditor amount falling due after more than one year (£206,250) against fixed assets of the same value (£285,419). Net assets have marginally improved from a negative position but remain negligible at £855, reflecting minimal equity buffer. Current liabilities (~£86k) exceed current assets (£7.6k), resulting in negative net working capital. This indicates poor short-term financial health and potential difficulties meeting immediate liabilities. The share capital is nominal (£2), pointing to very limited equity investment.

3. Cash Flow Assessment:
   No explicit cash flow statements are available, but the limited current assets against high current liabilities imply constrained liquidity. The absence of employees and lack of income statement data suggest minimal or no trading cash inflows. Negative net current assets highlight the risk of cash shortages, making it unlikely the company can generate sufficient cash to service debts or operating expenses without external funding or asset disposals.

4. Monitoring Points:

• Watch for any changes in current assets and liabilities to assess liquidity improvements.
• Monitor debt restructuring or repayment plans regarding the large long-term creditor balance.
• Observe any filing of income statements or cash flow reports in future accounts for operational performance insights.
• Track changes in asset valuations, especially fixed assets, as these underpin creditor security.
• Review director actions for capital injections or strategic shifts to improve financial resilience.