Company Number: 13761190

Analysis Date: 2025-07-29 20:50 UTC

1. Credit Opinion: DECLINE
   GROVEMORE CAPITAL LIMITED presents a very weak financial profile with net assets of only £1 and current liabilities almost equal to current assets (£65,976 vs. £65,975). The presence of significant creditors falling due after more than one year (£65,976) matching the liabilities suggests the company is highly leveraged and lacks equity cushion. The stagnant financial position over three years with no growth or profitability indicators raises serious concerns about the company’s ability to service debt or meet commercial obligations reliably.

2. Financial Strength:
   The balance sheet shows minimal fixed assets (£2) and net assets of £1, indicating negligible capital investment and almost no retained earnings or shareholder equity. The total assets less current liabilities figure of £65,977 is offset by long-term creditors of the same amount, effectively nullifying net asset value. This structure points to a fragile financial foundation with no buffer to absorb losses or financial shocks.

3. Cash Flow Assessment:
   Current assets (£65,975) are entirely offset by current liabilities (£65,976), resulting in virtually zero net working capital, which implies minimal liquidity to cover short-term obligations. Without additional information on cash flow generation or operating income, the company’s ability to maintain ongoing liquidity appears doubtful. The absence of audit and reliance on micro-entity accounts limits insight into cash flow quality and operational cash generation.

4. Monitoring Points:

• Watch for any deterioration or improvement in net assets and working capital.
• Monitor creditor terms and any restructuring of long-term liabilities.
• Review future filings for evidence of profitability or capital injections.
• Keep track of director conduct and any changes in ownership or control that may impact financial stability.