Company Number: 13845384

Analysis Date: 2025-07-29 17:30 UTC

1. Credit Opinion: DECLINE
   GETHSEMANE LTD displays significant financial distress with persistent net current liabilities and negative net assets worsening dramatically over the last two years. The company's ability to service debt is highly questionable given the current liabilities (£71,959) far exceed current assets (£10,564) as of the latest accounts. The large working capital deficit and negative shareholders' funds indicate insolvency risk without external capital injection or operational turnaround.

2. Financial Strength:
   The balance sheet reveals net liabilities of £56,465 at 31 January 2024, deteriorating from a negative £11,042 the previous year. Fixed assets are minimal (£4,930) and unlikely to provide sufficient collateral. The company has a very limited equity base (called up share capital of £1) and accumulated losses are substantial. The trend over the two years since incorporation shows increasing debt and insufficient asset growth.

3. Cash Flow Assessment:
   Liquidity is critically weak with only £365 cash on hand and trade debtors of £10,199, which may be insufficient or slow to convert to cash. Current liabilities due within one year are over £71k, including significant other creditors (£57,203), suggesting strained working capital and potential payment difficulties. The negative net current assets of -£61,395 demonstrate poor short-term financial health and significant risk of defaulting on obligations.

4. Monitoring Points:

• Improvement in net current assets and reduction in creditor balances
• Cash flow generation and conversion of debtors to cash
• Changes in share capital or equity injections to improve solvency
• Turnaround in profitability and accumulation of positive retained earnings
• Director’s actions on managing liabilities and operational efficiencies

Overall, GETHSEMANE LTD is in a financially precarious position with insufficient liquidity and worsening solvency indicators. Without a clear plan for capital restructuring or improved cash generation, the risk profile is high, and credit extension would be imprudent at this stage.