LUMIERE VISION LIMITED

Executive Summary

Lumiere Vision Limited is currently in a weakened financial position with negative net current assets and shareholders’ funds deteriorating over recent years. Its liquidity constraints and minimal operational activity raise significant credit risk concerns. Given the financial data and lack of clear recovery signs, credit approval is not recommended at this time.

LUMIERE VISION LIMITED - Analysis Report

Company Number: 13272505

Analysis Date: 2025-07-20 17:57 UTC

1. Credit Opinion: DECLINE. Lumiere Vision Limited shows a consistent pattern of negative net current assets and shareholders' funds over the last three years, indicating ongoing financial distress. The company’s liabilities significantly exceed its current assets, reflecting poor liquidity and raising concerns about its ability to meet short-term obligations and service any new credit facilities. Additionally, the company has no employees currently, which may suggest operational instability or minimal trading activity. Without clear evidence of improved financial performance or a turnaround plan, extending credit would pose a high risk.

2. Financial Strength: The company’s balance sheet reveals deteriorating financial health. Shareholders’ funds have declined from a positive £2,619 in 2021 to a negative £13,373 in 2024. Current liabilities have increased from £7,825 to £17,095 over the same period, while current assets decreased from £10,444 to £3,722. This negative working capital trend signals an overreliance on short-term debt and insufficient asset backing. The micro-entity status and minimal share capital (£100) limit financial flexibility and capital buffer.

3. Cash Flow Assessment: With current liabilities exceeding current assets by over £13k, liquidity is strained. The company’s inability to cover short-term debts from available liquid assets points to cash flow pressures. The absence of employees and limited asset base suggest limited operational cash inflows. This weak cash position undermines the company’s capacity to meet debt repayments or other financial commitments without additional capital injections or restructuring.

4. Monitoring Points:

• Monitor changes in net current assets and shareholders’ funds for signs of financial stabilization or improvement.
• Track any increase in current assets or reduction in current liabilities to assess liquidity recovery.
• Review turnover and profitability indicators if available to understand operational viability.
• Observe director actions or announcements regarding restructuring, capital raising, or changes in business activity.
• Watch for any late filings or compliance issues that could indicate governance problems.