Company Number: 12769900

Analysis Date: 2025-07-29 16:27 UTC

1. Credit Opinion: DECLINE
   Goddy West Limited presents significant credit concerns due to its deteriorating financial position. The latest accounts show net current liabilities of £1,189 and total net liabilities of the same amount, indicating negative working capital and a balance sheet deficit. This undermines the company’s ability to meet short-term obligations and service debt. The company is a micro-entity with minimal assets and no employees, which suggests very limited operational scale and cash generation capacity. Without improvement in liquidity or capital injection, the risk of default is high.

2. Financial Strength:
   The company’s financial strength is weak and declining. In 2023, net current assets were positive at £1, but by 2024 this swung to net current liabilities of £1,189. Shareholders’ funds similarly moved from £1 positive to a negative £1,189, evidencing erosion of equity capital. The balance sheet shows negligible fixed assets and current assets of just £1 in 2024, insufficient to cover immediate liabilities. The trend over recent years indicates a shrinking asset base and increasing creditor pressure.

3. Cash Flow Assessment:
   Cash flow appears critically constrained. The company holds almost no liquid assets (£1 current assets) against current liabilities of £1,190, reflecting poor liquidity and negative working capital. The absence of employees suggests minimal operational activity, which likely limits cash inflows. The company’s ability to generate or attract cash to meet liabilities is questionable, raising concerns about ongoing solvency.

4. Monitoring Points:

• Quarterly cash flow and liquidity metrics to detect further deterioration.
• Any capital injections or shareholder advances to bolster net assets.
• Payment history on trade creditors and any defaults or late payments.
• Changes in director or ownership structure that might impact financial support.
• Filing of next accounts and confirmation statements on time for updated financial data.