Company Number: 12710188

Analysis Date: 2025-07-29 16:28 UTC

1. Credit Opinion: DECLINE
   Hessle Glazing Ltd is currently showing a deteriorating financial position with net liabilities of £9,619 as of 31 March 2024, compared to net assets of £11,041 the previous year. The company’s working capital is significantly negative (£-11,159), which raises concerns about its ability to meet short-term obligations. The negative equity position and shrinking asset base indicate financial distress and weak capital structure, undermining confidence in their ability to service debt or sustain credit facilities without additional equity injection or operational turnaround.

2. Financial Strength:
   The balance sheet reveals a micro-entity with minimal fixed assets (£2,490) and current assets of only £9,766, which are insufficient to cover current liabilities of £21,317. The net current liabilities and resulting net liabilities reflect erosion of shareholder funds from £11,041 positive in 2023 to £-9,619 in 2024. This rapid decline suggests operational losses or write-downs during the year, and the absence of retained earnings further weakens the company’s financial resilience.

3. Cash Flow Assessment:
   The negative net current assets position indicates liquidity constraints. With current liabilities more than double current assets, the company may experience difficulties in meeting short-term creditor payments. The small cash or equivalents implied within current assets (not explicitly detailed) combined with limited working capital points to a tight cash flow situation. Without external financing or improved receivables and inventory management, maintaining ongoing operations could be challenging.

4. Monitoring Points:

• Track future annual accounts for signs of improved profitability or equity restoration.
• Monitor cash flow statements if available to assess operational cash generation.
• Watch for changes in director appointments or control that may signal restructuring.
• Review any overdue filings or late payments to suppliers for early distress indicators.
• Assess impact of industry conditions on glazing sector demand and company contracts.