Company Number: 15043359

Analysis Date: 2025-07-29 17:23 UTC

1. Credit Opinion: DECLINE
   GYMBAIT LIMITED is a very recently formed micro-entity with a single director and shareholder. The latest micro-entity accounts show a negative net asset position of £1,075 and net current liabilities of £7,955, indicating poor liquidity and a capital deficit. This weak balance sheet and lack of operating history raise concerns about the company’s ability to service debt or meet commercial obligations. Without evidence of positive cash flow or capital injection, extending credit would be high risk.

2. Financial Strength:
   The company’s balance sheet as at 31 August 2024 reveals fixed assets of £6,880 but current assets of only £395 against current liabilities of £8,350. This results in a working capital deficit and negative total net assets of £1,075. The negative equity suggests the company is currently insolvent on a balance sheet basis. As a micro-entity incorporated less than a year ago, it lacks financial depth and reserves.

3. Cash Flow Assessment:
   The minimal current assets (cash/debtors) versus substantial short-term liabilities indicate acute liquidity strain. With net current liabilities of nearly £8,000 and only one employee, there is no visible operational scale or cash flow strength. The accounts do not disclose revenues or profit figures, but the financial position implies negative cash flows or reliance on external funding to meet obligations.

4. Monitoring Points:

• Improvement in working capital and net assets in future filings
• Evidence of revenue generation and positive operating cash flow
• Capital injections or shareholder loans to remediate solvency issues
• Timely filing of accounts and confirmation statements to maintain compliance
• Any changes in director or ownership structure that could impact governance or credit risk