Company Number: SC763759

Analysis Date: 2025-07-19 12:05 UTC

1. Credit Opinion: APPROVE (Low risk, but limited trading history) Legion 9 Ltd is a newly incorporated micro-entity with its first financial year ending March 2024. The company shows a positive net asset position and working capital, indicating initial financial stability. There are no overdue filings or signs of distress. However, as a start-up with only one employee and limited trading history, the credit exposure should be moderate and subject to periodic review. The sole director and 100% controlling shareholder is actively involved, which suggests strong management oversight.

2. Financial Strength:

• Fixed assets of £13,050 reflect initial investment in tangible or intangible resources.
• Current assets of £4,117 against current liabilities of £3,400 result in positive net current assets (working capital) of £717, indicating sufficient short-term liquidity.
• Total net assets stand at £12,349, representing shareholders’ funds and a solid equity base for a micro-entity.
• No long-term provisions or accruals reported, with a minor creditor balance due after one year (£1,418) that does not materially impair financial stability. Overall, the balance sheet is healthy for a start-up with a clean structure and no significant liabilities.

3. Cash Flow Assessment:

• Current assets primarily include cash or equivalents and receivables, sufficient to cover short-term obligations.
• Working capital is positive but modest, typical of a micro-entity in its first year.
• No indication of cash flow difficulties or reliance on external credit facilities at this stage.
• The company employs one person, keeping overhead low, which supports liquidity preservation.
• Future credit assessment should monitor cash flow closely as trading volumes increase.

4. Monitoring Points:

• Monitor subsequent year accounts for revenue growth, profitability, and cash flow trends.
• Watch for any increase in liabilities or overdue payments that could signal financial stress.
• Confirm that director remains actively involved and that governance remains robust.
• Track any changes in shareholding or control which could affect credit risk.
• Ensure timely filing of accounts and confirmation statements to avoid compliance risks.