Company Number: 13995154

Analysis Date: 2025-07-29 19:36 UTC

1. Credit Opinion: DECLINE
   GR Holdings Limited shows weak financial health with net current liabilities of £725 as of 31 March 2024, indicating liquidity issues. The micro-entity's cash and current assets are minimal and insufficient to cover short-term liabilities. With no significant assets or reserves and a very recent incorporation date (2022), there is limited operational history or evidence of sustainable revenue generation. The inability to demonstrate positive working capital or net assets suggests a high risk of default on credit obligations.

2. Financial Strength:
   The balance sheet reveals a marginal net asset position of £725 as of 2024, down from £2 in 2023, but current liabilities exceed current assets, resulting in negative net current assets of £725. This indicates an inability to meet short-term debts from liquid resources. The company’s fixed assets are not disclosed, implying limited tangible or long-term asset backing. Shareholders’ funds are negligible, showing minimal equity cushion to absorb losses.

3. Cash Flow Assessment:
   Cash holdings are virtually non-existent (£2 in 2023, not separately stated in 2024 but implied low). The company employs 2 staff but has insufficient liquidity to support ongoing operations comfortably. Negative working capital suggests reliance on external funding or delayed payments, which is not sustainable. No evidence of positive operating cash flow or retained earnings is available.

4. Monitoring Points:

• Improvement in liquidity ratios, especially current ratio and net working capital.
• Generation of consistent positive cash flows from operations.
• Growth in shareholders’ funds and net assets to provide equity buffer.
• Timely filing of accounts and confirmation statements to maintain compliance.
• Performance indicators related to real estate holdings and revenue streams given the SIC code.
• Any new capital injections or credit facilities to support working capital needs.