G S RIGGING LTD

Executive Summary

G S RIGGING LTD is a start-up micro-entity with a modest balance sheet and limited trading history, showing a small working capital deficit but positive net assets. Conditional credit approval is recommended, contingent on monitoring cash flow improvements and operational progress. The company’s early stage status warrants close attention to liquidity and financial performance in subsequent periods.

G S RIGGING LTD - Analysis Report

Company Number: 14803464

Analysis Date: 2025-07-29 14:55 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   G S RIGGING LTD is a recently incorporated micro-entity (less than 1 year old at the latest accounts date) with a modest balance sheet. The company has positive net assets (£7,518) but a slight negative net current asset position (-£262), indicating very tight short-term liquidity. The absence of employees suggests limited operational scale so far. Given the early stage of the business and limited financial history, credit risk is moderate. Approval is conditional on monitoring future trading performance and cash flow development to ensure the company can meet its obligations.

2. Financial Strength:
   The company’s financial position shows fixed assets of £7,780 and current assets of £22,314, primarily cash or equivalents since no debtors or stock are reported. Current liabilities are £22,576, creating a small working capital deficit. Net assets stand at £7,518, representing initial capital investment from shareholders. The balance sheet reflects a start-up phase with minimal operational footprint. No accumulated losses or reserves exist yet, consistent with the first year of trading.

3. Cash Flow Assessment:
   Current liabilities slightly exceed current assets, suggesting tight liquidity. However, the small scale and low fixed cost base (no employees) likely reduce cash burn risk. The company needs to demonstrate consistent cash inflows from operations to improve working capital and cover short-term liabilities. The directors’ ability to inject additional funds if necessary is an important consideration given the early stage.

4. Monitoring Points:

• Future trading profitability and cash generation
• Changes in working capital position and current ratio improvements
• Timely filing of accounts and confirmation statements
• Directors’ capital injections or external financing arrangements
• Any increase in operational scale, including hiring employees or expanding asset base