Company Number: 12716229

Analysis Date: 2025-07-29 16:31 UTC

1. Credit Opinion: DECLINE
   Helmie Ltd exhibits a weakening financial position with negative net assets (£-13,112 as of 31 July 2024) compared to positive net assets in previous years. The large net current liabilities (£37,904) indicate liquidity stress, raising concerns about the company's ability to meet short-term obligations. The decline in total assets less current liabilities and increase in long-term creditors further point to financial strain. Given these factors, the company currently lacks the financial resilience and buffer to support additional credit without significant risk.

2. Financial Strength:
   The balance sheet shows a deteriorating trend over the last two years. Fixed assets have decreased from £56,996 (2023) to £40,625 (2024). More critically, current liabilities have remained high (~£39,800) while current assets have plunged from £14,395 to £1,913, resulting in a substantial working capital deficit. The company’s net assets have turned negative, indicating that total liabilities exceed total assets, a serious concern for creditors. Shareholders funds are negative, reflecting accumulated losses or capital erosion.

3. Cash Flow Assessment:
   The sharp decline in current assets, particularly cash or equivalents, suggests liquidity constraints. The persistent high current liabilities create a cash flow mismatch risk. Without adequate liquid resources or access to additional funding, the company may struggle to honor short-term debts and operational expenses. No evidence of director loans or external guarantees is noted to mitigate this risk currently.

4. Monitoring Points:

• Watch for improvements in net current assets and overall liquidity in subsequent filings.
• Monitor any changes in creditor terms or new financing arrangements.
• Track profitability trends and cash generation capacity to assess recovery prospects.
• Observe director or shareholder support in the form of loans or capital injections.
• Review any overdue filings or adverse changes in company status or director conduct.