LET’S KEEP MOVING CIC

Executive Summary

Let’s Keep Moving CIC is a small community interest company operating on grant funding with minimal turnover and no equity base. The financials show limited cash reserves and no sustainable profitability or cash flow generation, resulting in a weak financial position unsuitable for credit extension. Given the company’s social mission and funding model, it lacks the financial strength and resilience to service debt, leading to a recommendation to decline credit facilities at this time.

LET’S KEEP MOVING CIC - Analysis Report

Company Number: 13885168

Analysis Date: 2025-07-29 20:33 UTC

1. Credit Opinion: DECLINE. Let’s Keep Moving CIC is a recently incorporated private company limited by guarantee with no share capital and no equity funding. The financials show very limited turnover (£13k in the latest year) and negligible profitability (break-even). Cash balances have declined materially from prior year (£15k to £6.7k). The business is grant-funded and operates in a community/social enterprise sector with no evidence of sustainable commercial income or ability to generate positive cash flow from operations. There is no net asset base or retained earnings to support borrowing. The company has no employees and limited financial resources, which indicates a lack of financial robustness to support debt repayment or commercial credit exposure.

2. Financial Strength: The balance sheet shows current assets consist solely of cash, which has decreased sharply over the year. There are no fixed assets or other reserves. Net current assets equal cash balances, and net assets and shareholders’ funds stand at zero, reflecting the guarantee structure without share capital. Accruals and deferred income offset cash assets, resulting in zero net equity. The company’s financial position is very weak with no buffer for contingencies and no equity cushion.

3. Cash Flow Assessment: Cash flow appears tightly controlled but limited; the company generated minimal gross profits and zero operating profits. The decline in cash from £15,160 to £6,750 suggests cash burn or use of grant funds to cover operational costs. There is no evidence of positive operating cash flows or working capital generation. The company relies on grant funding and has no employees, indicating limited operational complexity but also limited revenue diversification or liquidity sources.

4. Monitoring Points:

• Cash balances and liquidity trends, especially given the sharp decline over 12 months.
• Sustainability of grant funding and any diversification into commercial revenue.
• Any changes in operating expenses or introduction of paid services.
• Timely filing of accounts and confirmation statements to maintain regulatory compliance.
• Potential changes in governance or introduction of financial controls to improve resilience.