Company Number: 13800645

Analysis Date: 2025-07-29 20:23 UTC

1. Credit Opinion: DECLINE
   Eevolv Holdings Limited shows a weak financial position with negative net current assets and shareholders' funds at the latest year-end (2023). The company is reliant on director financial support for going concern, indicating limited ability to service debt obligations from operational cash flows. The current liabilities significantly exceed current assets, and minimal cash reserves (£260) highlight liquidity risk. Without a proven revenue stream or asset base to cover liabilities, extending credit poses high risk.

2. Financial Strength:
   The balance sheet reveals a deterioration from positive net assets (£260) in 2022 to negative net assets (£-6,750) and negative shareholders’ funds (£-7,010) in 2023. The company holds no fixed assets and only nominal cash, while current liabilities stand at £7,010. This financial structure demonstrates a fragile capital base and inadequate equity buffer, undermining the company’s solvency and financial resilience.

3. Cash Flow Assessment:
   Cash in hand remains minimal and stagnant at £260 across the last three years, with no evidence of operational cash inflows to improve liquidity. The working capital deficit of £6,750 in 2023 indicates inability to cover short-term obligations from existing liquid assets. This raises concerns over the company’s capacity to meet immediate creditor demands without further capital injection.

4. Monitoring Points:

• Track improvements or further deterioration in net current assets and shareholders’ funds.
• Monitor cash flow statements once available for operational cash generation.
• Review director or shareholder capital injections supporting going concern status.
• Watch for any overdue filings or signs of financial distress such as late payments or creditor actions.