Company Number: 12937024

Analysis Date: 2025-07-19 12:52 UTC

1. Credit Opinion: DECLINE
   Greenglamour Ltd exhibits significant financial distress with persistent and growing negative net assets and net current liabilities over recent years. The company’s liabilities substantially exceed its current assets, indicating an inability to meet short-term obligations. The lack of equity and ongoing losses raise serious doubts about its capacity to service any new debt or credit facilities without significant restructuring or capital injection.

2. Financial Strength:
   The company is classified as a Micro entity but shows a deteriorating balance sheet position. As of 31 October 2024, current liabilities stand at £112,990 against current assets of only £2,651, resulting in net current liabilities of £110,339. Net liabilities (shareholders’ funds) have worsened from -£91,583 in 2023 to -£110,589 in 2024. The absence of fixed assets and minimal share capital (£2.00) further weakens the financial base. This indicates poor financial strength and a lack of buffer to absorb operational shocks.

3. Cash Flow Assessment:
   The negative working capital position signals liquidity constraints. The company’s cash or liquid resources are insufficient to cover immediate liabilities, creating a high risk of payment default. With only two employees and limited operational scale, cash inflows are likely constrained, and no evidence of positive cash flow or profitability is available from the accounts. The absence of audit or detailed profit and loss data limits insight into operational cash generation but the balance sheet suggests ongoing cash flow stress.

4. Monitoring Points:

• Track changes in net current assets and net liabilities quarterly if possible.
• Monitor any capital injections or shareholder loans that could improve liquidity.
• Watch for overdue creditor payments or legal actions indicating worsening creditor relationships.
• Review management actions towards cost control, revenue growth, or restructuring plans.
• Ensure timely filing of accounts and confirmation statements to maintain compliance and transparency.