Company Number: 13133481

Analysis Date: 2025-07-20 11:15 UTC

1. Credit Opinion: DECLINE
   ELYA CONSTRUCTION LTD shows weak financial health with persistent negative net assets (shareholders’ funds of -£894 in 2024) indicating liabilities exceed assets. The company operates with minimal capital (£100 share capital) and no employees, suggesting limited operational scale and resources. Current liabilities slightly exceed current assets, implying liquidity constraints. The company’s financial position has deteriorated since incorporation, raising concerns about its ability to meet debt obligations or absorb shocks. There is no evidence of profitability or retained earnings to support credit extension at this time.

2. Financial Strength:
   The balance sheet reveals total net liabilities of £894 as at January 2024, worsening from £674 the prior year. Current assets (~£9,891) are insufficient to cover current liabilities (~£10,785), resulting in a negative working capital position. No fixed assets or tangible capital investments are reported. The company shows no retained profits or reserves, reflecting either initial losses or ongoing operational deficits. This fragile equity position signals very limited financial resilience.

3. Cash Flow Assessment:
   With current liabilities exceeding current assets and no employees generating revenue, cash flow is likely constrained. The absence of positive net current assets suggests limited working capital available for day-to-day operations or debt servicing. No information on cash or cash equivalents is provided, but the figures imply tight liquidity. The company’s ability to generate sufficient cash inflows to meet short-term obligations appears weak.

4. Monitoring Points:

• Track changes in net assets and working capital to detect further deterioration or improvement.
• Monitor any increase in share capital or external funding to bolster financial position.
• Review forthcoming annual accounts for profitability indicators or cash flow improvements.
• Assess director actions to improve liquidity or secure credit facilities.
• Watch for late filings or adverse credit events signaling distress.