Company Number: 13827738

Analysis Date: 2025-07-29 17:51 UTC

1. Credit Opinion: DECLINE
   MA ABINGDON LTD exhibits a weak financial position with persistent net liabilities and negative working capital over the past three years. The company’s net assets have deteriorated from a positive £12,148 in 2022 to a negative £11,914 in 2025, indicating ongoing losses or capital erosion. Despite being active and filing on time, the company’s ability to service debt or meet commercial obligations is questionable given its negative equity and current liabilities exceeding current assets. The lack of profit and continued net current liabilities suggest limited capacity to absorb shocks or fund operations without external support. Given these indicators, extending credit without significant risk mitigation is not advisable.

2. Financial Strength:
   The company’s balance sheet shows a consistent trend of net current liabilities: £-17,794 in 2023 and 2024, improving slightly to £-11,914 in 2025 but still negative. Shareholders’ funds are negative at £-11,914 as of the latest accounts, reflecting accumulated losses or insufficient capital injection. Fixed asset data is not provided, but the focus on current assets and liabilities reveals liquidity stress. The business is classified as a micro-entity, limiting its scale and financial flexibility. The decline from positive net assets at incorporation to negative net assets points to operational challenges and undercapitalization.

3. Cash Flow Assessment:
   Current assets (mainly cash and receivables) stood at only £20,362 against current liabilities of £32,276 in 2025, indicating a liquidity gap of nearly £12k. This negative working capital position implies that the company may struggle to meet short-term obligations as they fall due. The absence of a profit and loss account in the filing limits visibility on operating cash flows, but the working capital deficit signals reliance on external funding or owner support for day-to-day liquidity. The stable employee count suggests fixed payroll commitments that must be met despite financial constraints.

4. Monitoring Points:

• Improvement or further deterioration of net current assets and shareholders’ funds in future filings.
• Evidence of positive operating cash flows or capital injections to cover working capital deficits.
• Payment history with suppliers and creditors to gauge if the company is meeting short-term obligations on time.
• Any changes in ownership or director conduct that might impact governance or financial discipline.
• Impact of external factors such as industry trends in licensed restaurants and local market conditions.