Company Number: 15206733

Analysis Date: 2025-07-29 20:52 UTC

1. Credit Opinion: DECLINE. GONOVO LTD is a newly incorporated micro-entity with minimal financial history and very limited assets. The company shows net current liabilities and very low current assets, indicating weak short-term liquidity. The lack of profit and loss data and minimal fixed assets suggest limited operational scale and financial capacity to service debt. The recent change in directorship may also add uncertainty. Given these factors, the company presents a high credit risk and insufficient evidence to support lending or credit extension at this stage.

2. Financial Strength: The balance sheet at 31 October 2024 shows total fixed assets of £1,800 and current assets of just £1, offset by current liabilities of £307, resulting in net current liabilities of £306. After accounting for £1,000 of accruals and deferred income, net assets stand at £494. This very modest equity base and negative working capital indicate a fragile financial position typical of a very small start-up without significant capital or reserves.

3. Cash Flow Assessment: Current assets of £1 against short-term liabilities exceeding £300 highlight a critical liquidity deficiency. The company’s working capital is negative, suggesting it does not have sufficient short-term resources to cover immediate debts. Absence of cash flow statements and profit and loss data further limits assessment but the micro-entity status and minimal asset base imply very limited cash generation capacity.

4. Monitoring Points:

• Timely filing of next annual accounts and confirmation statements to track financial and operational developments.
• Changes in working capital and liquidity ratios to detect improvement or deterioration.
• Profitability trends once P&L data become available.
• Stability and continuity in management and ownership, especially after recent director changes.
• Any new capital injections or financing arrangements that improve the balance sheet and liquidity.