Company Number: 14786174

Analysis Date: 2025-07-20 13:39 UTC

1. Credit Opinion: DECLINE
   Hornbeam Cookware Limited exhibits significant financial distress with net liabilities of £103,356 as of 30 April 2025, a sharp deterioration from a net liability position of £12,202 the prior year. The depletion of shareholders’ funds and negative working capital raise serious concerns about the company’s ability to meet short-term obligations and service any potential credit facilities. Given these factors and the absence of employees or operational scale, credit approval is not advisable at this stage.

2. Financial Strength:
   The balance sheet shows fixed assets at a low level (£3,765) and current assets (£57,062) largely offset by current liabilities of £63,876, resulting in negative net current assets of £6,814. Total liabilities including accruals and deferred income amount to over £100,000, with no long-term debt reported in 2025, but previously there was £17,268 of liabilities after one year in 2024, which appears to have been reclassified. The company’s net assets are negative and declining steeply, indicating erosion of capital and lack of financial buffer.

3. Cash Flow Assessment:
   Current liabilities exceed current assets indicating a liquidity shortfall. Negative net current assets suggest working capital deficits and potential cash flow constraints. The company’s micro entity status and zero employee count imply limited operational scale and cash generation capacity. Without positive cash flow or capital injections, the company may struggle to meet immediate payables or fund daily operations.

4. Monitoring Points:

• Track improvement or further deterioration of net current assets and net liabilities in forthcoming accounts.
• Monitor any changes in creditor payment terms or accruals that may impact liquidity.
• Watch for capital injections or changes in shareholder funds that could restore solvency.
• Observe operational activity and revenue generation since current data shows no employees and limited assets.