DESIGN SOME NCL LTD

Executive Summary

Design Some NCL Ltd is an early-stage micro-entity with negative net assets and working capital deficits, reflecting weak financial strength and limited liquidity. The company has yet to demonstrate sustainable trading or cash flow generation, creating a high risk profile for credit extension. Without significant improvement or capital support, credit approval is not recommended at this time.

DESIGN SOME NCL LTD - Analysis Report

Company Number: 14094216

Analysis Date: 2025-07-20 15:56 UTC

1. Credit Opinion: DECLINE
   Design Some NCL Ltd is a micro private limited company incorporated in 2022 and currently active. The latest financials show ongoing net liabilities and negative net current assets, indicating weak financial health and limited ability to service debt obligations. With no employees and minimal current assets (£852) against current liabilities (£983) at 31 May 2024, the company lacks liquidity and working capital buffer. The absence of profit and loss data and the very early stage of the company’s life cycle suggest it has yet to demonstrate sustainable trading or cash flow generation. The sole director and 75-100% shareholder is Aleena Dastgir, but there is no evidence of financial resilience or management track record to offset the risks. Overall, the company’s financial position and lack of operating history present a high risk for credit exposure.

2. Financial Strength
   The company’s balance sheet is weak. Net liabilities increased to £231 from £211 the previous year, reflecting accumulated losses or capital deficiency. Total assets less current liabilities remain negative (£-131 in 2024). The capital and reserves are in deficit, and the company holds no fixed assets or other long-term investments. Negative net current assets indicate insufficient short-term resources to cover liabilities, a sign of financial fragility especially for a micro-entity. This situation reduces the company’s buffer to absorb shocks or delays in receivables.

3. Cash Flow Assessment
   Current assets at £852 (likely cash or equivalents) are minimal and slightly below current liabilities of £983, resulting in a net working capital deficit. No employees are reported, which reduces operating overhead but also suggests limited trading activity or commercial operations. Without detailed profit and loss or cash flow statements, it is not possible to confirm cash generation capacity, but the negative working capital and net liabilities infer an inability to meet short-term obligations comfortably. The lack of substantive assets or cash reserves heightens liquidity risk.

4. Monitoring Points

• Future profitability and cash flow generation, tracked through forthcoming accounts and management accounts.
• Changes in working capital dynamics, especially current assets and liabilities trends.
• Any capital injections or shareholder loans that improve net assets and liquidity.
• Director’s management actions to build trading operations and reduce net liabilities.
• Timely filing of accounts and confirmation statements to ensure compliance and transparency.