Company Number: 13561732

Analysis Date: 2025-07-20 18:36 UTC

1. Credit Opinion: DECLINE
   DELIVERING LIMITED exhibits a deteriorating financial position over the last two years. The net assets have moved from a positive £11,966 in 2023 to a negative £4,294 in 2024, indicating the company is technically insolvent on a net asset basis. Current liabilities exceed current assets by £4,294 as of the latest accounts, showing a working capital deficit. The company has no fixed assets and no employees, which raises concerns about its operational capacity and sustainability. Given these factors, the company’s ability to service any new or existing debt is highly questionable.

2. Financial Strength:
   The balance sheet shows no fixed assets and minimal current assets (£2,403 in 2024). Current liabilities, though reduced from £12,252 in 2023 to £6,697 in 2024, still exceed current assets, resulting in negative net current assets. The shareholders’ funds are negative, indicating erosion of equity capital. The micro-entity status and lack of an audit reduce the financial transparency. The declining net asset position and negative working capital highlight a weak financial foundation.

3. Cash Flow Assessment:
   The absence of fixed assets and employees suggests very limited business activity. The small current asset base against higher current liabilities indicates potential liquidity problems. Without positive working capital, the company’s short-term ability to meet obligations as they fall due is doubtful. No information on cash flows or profits is provided, but the balance sheet position implies cash generation may be insufficient to cover liabilities.

4. Monitoring Points:

• Monitor any improvement or further deterioration in net current assets and net asset position in future filings.
• Watch for any increase in current liabilities or delayed creditor payments, which would worsen liquidity.
• Track business activity indicators such as employees or fixed assets acquisition as signals of operational strengthening.
• Review director and management changes or external funding injections that could impact financial stability.