Company Number: 13104902

Analysis Date: 2025-07-20 14:10 UTC

Credit Opinion:
DECLINE. Gregor Aymar Limited exhibits weak financial health with net liabilities and persistent negative working capital. The company’s net current liabilities stand at £18,706 as of 31 December 2023, and net assets are slightly negative at £288. This indicates potential liquidity constraints and an inability to cover short-term obligations comfortably. The business has deteriorated from positive net assets in 2022 (£3,958) to marginally negative in 2023. The director’s loans and other creditors form a significant portion of current liabilities, suggesting reliance on informal or related party financing. Given these factors, the company currently lacks the financial strength and stability to support additional credit without substantial improvement or guarantees.

Financial Strength:

• Fixed assets reduced from £24,673 in 2022 to £18,418 in 2023, indicating asset disposals or depreciation exceeding investment.
• Current assets increased slightly to £17,189, but current liabilities remain very high at £35,895.
• Shareholders’ funds have flipped from a modest positive £3,958 to a negative £388, reflecting accumulated losses.
• The company’s balance sheet shows erosion of equity and an overall weak capital structure, with total assets less current liabilities in deficit.

Cash Flow Assessment:

• Cash balance is stable around £12,300, which is positive; however, the high current liabilities suggest cash is insufficient to cover immediate obligations.
• Negative net current assets (-£18,706) highlight working capital deficiency, implying potential cash flow strain to settle short-term debts without additional financing or operational improvements.
• Debtors increased to £4,863 including loans to directors (£2,746), which are not immediately liquid assets.
• The company likely relies on director funding and deferred payments to manage liquidity, which is a risk from a credit perspective.

Monitoring Points:

• Track improvements in net current assets and overall liquidity position to assess if working capital management improves.
• Monitor cash flow statements for operational cash generation versus reliance on loans or creditor extensions.
• Observe director loans and related party transactions as they may indicate financial support or risk of withdrawal.
• Review subsequent financial filings for sustained profitability reversing the recent negative equity trend.
• Watch for overdue payments or increased creditor pressure indicating worsening financial stress.