HOBYZ SOLUTIONS LTD

Executive Summary

Hobyz Solutions Ltd is a very small micro-entity with minimal net assets and working capital, reflecting a weak financial position and limited ability to service debt. The company’s financial data shows negligible growth and no significant asset base, increasing credit risk. Without operational scale or profitability, the company is unsuitable for credit facilities at this time.

HOBYZ SOLUTIONS LTD - Analysis Report

Company Number: 12954956

Analysis Date: 2025-07-29 19:01 UTC

1. Credit Opinion: DECLINE
   Hobyz Solutions Ltd shows extremely limited financial substance with net assets of only £45 at the latest year-end and minimal working capital. The micro entity has negligible current assets (£1,825) barely exceeding current liabilities (£1,780). The company is very small with just one employee and no audit requirement, limiting financial transparency. There is no evidence of meaningful profitability or cash generation, and the company has undergone two name changes in less than two years, indicating possible instability or restructuring. Given the very weak financial base, limited scale, and minimal asset coverage, the risk of default is high and the company's ability to service debt is questionable.

2. Financial Strength:
   The balance sheet shows very low net assets and shareholders’ funds (£45 in 2023, up slightly from £34 in 2022). Current assets mainly consist of small cash or receivables, and current liabilities are almost equal, resulting in a net current asset position of just £45. There are no fixed assets or significant reserves. The company’s capital base is effectively negligible, reflecting a fragile financial position with minimal buffer to absorb shocks.

3. Cash Flow Assessment:
   Working capital is positive but minimal (£45), indicating very limited liquidity. The slight increase in current assets from £42 to £1,825 suggests some improvement in cash or receivables, but current liabilities have grown proportionally. With only one employee and no substantive asset base, cash flow generation capacity appears very constrained. There is no information on operating cash flow or profitability, but given the size and scale, the company likely relies on external funding or director support to meet obligations.

4. Monitoring Points:

• Track any improvements in net current assets and net assets to assess financial strengthening.
• Monitor timely filing of annual accounts and confirmation statements to ensure compliance and transparency.
• Watch for changes in director or significant control that might indicate strategic shifts.
• Observe any further name changes or restructuring that might signal business instability.
• Review any future financial statements for evidence of profitability or cash flow improvements.