Company Number: NI680399

Analysis Date: 2025-07-29 19:39 UTC

1. Credit Opinion: DECLINE
   Gersemi Ltd shows significant financial distress. The company has persistent net current liabilities around £13,800 and negative shareholders funds of similar magnitude for the past 3 years. Importantly, the latest accounts confirm that the company ceased trading post year end and were not prepared on a going concern basis, indicating inability to meet ongoing obligations without external support. This suggests high credit risk and limited capability to service debt or new credit facilities.

2. Financial Strength: Weak
   The balance sheet reveals no fixed assets and very low current assets (£2,213) against current liabilities exceeding £16,000. Shareholders funds are negative, reflecting accumulated losses and erosion of capital. The lack of tangible assets and continued net liability position undermine financial resilience and the capacity to absorb shocks or fund growth.

3. Cash Flow Assessment: Poor Liquidity
   Current assets mainly consist of minimal cash or receivables, insufficient to cover short-term liabilities. Negative net current assets indicate working capital deficits, meaning the company likely faces cash flow constraints. The cessation of trading further reduces future cash inflows, exacerbating liquidity risk.

4. Monitoring Points:

• Status of any restructuring or liquidation proceedings, given cessation of trading.
• Changes in director appointments or ownership that might indicate turnaround attempts.
• Subsequent filings for updated financials or confirmation statements to assess ongoing activity.
• Payment history if any trade credit or banking facilities exist.