Company Number: 14356792

Analysis Date: 2025-07-29 12:25 UTC

1. Credit Opinion: DECLINE
   EASYPAYNW LTD demonstrates weak financial health with a net liability position as of 30 September 2024. The company's net current assets have deteriorated from a positive £69 in 2023 to a negative £1,383 in 2024, indicating an inability to cover short-term liabilities with current assets. This raises concerns about liquidity and the company's capacity to service debt or meet payment obligations reliably. Given the lack of employees, minimal asset base, and negative net assets, the risk of default is elevated, and credit approval is not recommended.

2. Financial Strength:
   The balance sheet shows a decline in financial strength over the latest year. Current liabilities increased substantially from £20 to £6,989, while current assets only increased marginally from £89 to £5,606. This has resulted in net liabilities of £1,383, reflecting erosion of equity and an absence of fixed or long-term assets to support operations. The company's capital and reserves have turned negative, signaling that the business is technically insolvent on a balance sheet basis.

3. Cash Flow Assessment:
   The micro-entity accounts do not disclose a cash flow statement, but the significant increase in current liabilities without a corresponding increase in current assets suggests tight liquidity. The negative net working capital implies that the company may face difficulties in meeting short-term obligations. The absence of employees and minimal operational scale also raise questions about ongoing cash generation capabilities. Without clear evidence of positive cash inflows or external funding, liquidity risk is high.

4. Monitoring Points:

• Monitor upcoming filings for any improvements in net assets and working capital.
• Watch for changes in current liabilities levels, especially any further increases.
• Review director actions or capital injections from the controlling shareholder to shore up finances.
• Observe any signs of operational scale-up or revenue generation to offset current liabilities.
• Track compliance with filing deadlines and any changes in company status that could indicate distress.