Company Number: 15211056

Analysis Date: 2025-07-29 14:44 UTC

1. Credit Opinion: DECLINE
   Full Facility Maintenance Ltd is a newly incorporated company (October 2023) with only one financial reporting period completed. The financials show negative net current assets of £5,977 and negative shareholders’ funds of the same amount, indicating the company is currently insolvent on a going-concern basis. There is minimal working capital and negligible cash reserves (£341). Given the lack of trading history, negative equity, and limited operational scale (one employee/director), the company does not demonstrate the financial strength or track record necessary to support credit facilities at this time. Without evidence of secured contracts or additional capital injection, the credit risk is high.

2. Financial Strength:
   The balance sheet reveals net current liabilities of £5,977 with current liabilities exceeding current assets. Shareholders’ funds are negative, reflecting accumulated losses or initial start-up costs not yet offset by earnings. Fixed assets are not reported, suggesting limited tangible asset backing. The company has no retained earnings or reserves, and the small scale means it is vulnerable to cash flow shocks. Financial resilience is minimal, and the company’s ability to meet debt obligations from operations is unproven.

3. Cash Flow Assessment:
   Cash and cash equivalents stand at just £341, which is insufficient to cover creditors due within one year (£6,318). This negative working capital position signals liquidity constraints. Given the company’s start-up status and very limited operational history, cash inflows from customers are likely not yet stable or sufficient. The small headcount and absence of capital commitments reduce ongoing cash burn risk somewhat, but overall liquidity is fragile.

4. Monitoring Points:

• Monitor future trading performance and profitability trends in subsequent accounts.
• Watch cash flow statements once available to assess operational cash generation.
• Track any capital injections or shareholder funding that could strengthen equity and liquidity.
• Keep an eye on timely payment of creditors and any overdue filings or defaults.
• Review management updates or contracts that indicate business growth or diversification.