Company Number: 14637238

Analysis Date: 2025-07-20 18:28 UTC

1. Credit Opinion: DECLINE
   Fixing House Ltd is a newly incorporated micro-entity (less than 2 years old) with a very weak balance sheet as of the latest accounts (Feb 2024). The company shows net current liabilities of £5,915 and negative shareholders' funds of the same amount. This indicates the business is currently insolvent on a going-concern basis and unable to cover short-term liabilities from current assets. No evidence of profitability or cash generation exists, and the company employs no staff, suggesting it may be in a start-up phase without established trading or revenue. Without additional capital injection or a clear plan to generate positive cash flow, the risk of lending is high.

2. Financial Strength:
   The company’s balance sheet is very weak. Current assets stand at £206, while creditors due within one year total £6,121. This results in a net current liability position of £5,915. Total net assets and shareholders’ funds are negative by the same amount. There are no fixed assets reported. The micro-entity exemption means limited financial disclosure, but the available data points to a lack of financial cushion or reserves. The negative equity position after less than one year of trading indicates initial losses or start-up costs funded likely through director loans or share capital.

3. Cash Flow Assessment:
   Liquidity is severely constrained. With only £206 in current assets, largely likely cash or receivables, the company cannot cover its immediate liabilities of over £6,000. The absence of employees and minimal assets suggest no operational cash generation yet. Working capital is negative, indicating a cash flow deficit. The company’s ability to service debt or meet commercial obligations from internal funds is currently questionable without external funding or increased revenue.

4. Monitoring Points:

• Monitor future filings for improvements in net current assets and shareholders’ funds.
• Track revenue and profitability trends once trading activity matures.
• Assess director or shareholder capital injections to support liquidity.
• Review any short-term borrowing arrangements to cover cash flow gaps.
• Evaluate the company’s business plan and execution, especially given the advertising agency SIC code and app-based business model claims.
• Watch for timely filing of next accounts and confirmation statements to ensure regulatory compliance.