GO ACTIVE LTD

Executive Summary

Go Active Ltd is a newly formed micro-entity with limited financial history but maintains a positive net current asset and equity position. The company’s financial footprint is minimal, reflecting an early-stage business model, which warrants cautious credit approval with small limits. Ongoing monitoring of financial filings and liquidity will be critical to managing credit risk.

GO ACTIVE LTD - Analysis Report

Company Number: 14402442

Analysis Date: 2025-07-20 11:13 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Go Active Ltd is a recently incorporated micro-entity in the education sector with modest financials. The company shows a positive net current asset position and net assets, indicating some short-term liquidity and a positive equity base. However, the small absolute values and lack of trading history or profitability limit confidence in its ability to service larger credit facilities. Approval may be considered with prudent limits and regular monitoring, particularly if additional financial information or trade references become available.

2. Financial Strength:
   The balance sheet as of 31 October 2023 reports current assets of £2,223 against current liabilities of £1,470, yielding net current assets of £753. Total net assets stand at £393, representing shareholders’ funds entirely. There are no fixed assets or long-term liabilities reported. The company holds no employees and is exempt from audit, which is typical for a micro-entity. Overall, the financial strength is weak but not negative, reflecting the company’s early stage and limited scale.

3. Cash Flow Assessment:
   The working capital position is positive but minimal, with net current assets of £753 and accruals/deferred income of £360. This suggests limited cash reserves and tight liquidity. The company’s ability to generate cash flow is not evidenced yet due to the lack of profit/loss data and absence of employees, implying little trading activity or operational scale. Cash flow risk is moderate to high; therefore, any credit extension should be conservative and supported by ongoing cash flow monitoring.

4. Monitoring Points:

• Monitor subsequent annual accounts for revenue growth and profitability trends.
• Track liquidity metrics such as current ratio and net current assets to ensure adequate working capital.
• Watch for timely filing of accounts and confirmation statements to gauge management’s compliance and diligence.
• Observe any changes in director or ownership structure that may affect control or financial strategy.
• Review any future borrowing or credit facility usage carefully for repayment performance.