GETGOING LIMITED

Executive Summary

GETGOING LIMITED operates at a minimal scale with negligible revenue and zero net assets, offering no financial strength to support credit facilities. Its balance sheet and cash flow position indicate an inability to meet debt commitments reliably. Credit exposure is therefore not recommended unless significant operational improvements or capital injections occur.

GETGOING LIMITED - Analysis Report

Company Number: SC678743

Analysis Date: 2025-07-29 12:41 UTC

1. Credit Opinion: DECLINE
   GETGOING LIMITED demonstrates minimal financial activity and extremely limited scale, with turnover of only £450 in the latest year and net assets at zero. The company’s inability to generate meaningful revenue or build any asset base over multiple years raises significant concerns about its capacity to service any debt or meet commercial obligations. There is no evidence of profitability or financial growth, and the balance sheet shows a break-even position with current liabilities matching current assets. Given this, the company lacks financial robustness, and credit exposure would be highly risky.

2. Financial Strength:
   The balance sheet reflects a micro-entity with virtually no capital or reserves. Share capital is nominal (£1), and shareholders’ funds are zero, indicating no retained earnings or equity cushion. Current assets equal current liabilities, resulting in nil net current assets and net assets. Such a balance sheet profile suggests no buffer to absorb losses or unexpected costs, and no tangible assets to secure credit facilities.

3. Cash Flow Assessment:
   With turnover of £450 and current liabilities of the same amount, GETGOING LIMITED’s working capital position is neutral but very limited. The absence of employees and negligible operational scale suggest minimal cash inflows and limited liquidity. The company’s cash flow for debt servicing or operational expenses is practically non-existent, making it vulnerable to any financial stress.

4. Monitoring Points:

• Revenue growth: Any increase beyond nominal turnover would be critical to reassess creditworthiness.
• Cash position: Monitoring current asset composition and liquidity is essential.
• Liabilities: Tracking any increase in current liabilities that could strain working capital.
• Director’s strategy: Understanding plans for business development or capital injection could provide insights into future resilience.