MAIDRIGHT 1 LTD

Executive Summary

Maidright 1 Ltd is currently in a financially weak position with negative equity and working capital deficits, heavily reliant on director loans for funding. The company’s liquidity constraints and deteriorating balance sheet undermine its ability to support additional credit facilities. Close monitoring of cash flow and financial recovery initiatives is essential before reconsidering credit exposure.

MAIDRIGHT 1 LTD - Analysis Report

Company Number: 14597319

Analysis Date: 2025-07-29 13:07 UTC

1. Credit Opinion: DECLINE. Maidright 1 Ltd shows a weak financial position with negative net current assets and shareholders’ funds as of the latest accounts (year ending January 2025). The company’s liabilities exceed its assets by approximately £6,564, indicating balance sheet insolvency. The negative working capital and reliance on director loans to fund operations suggest poor liquidity and financial stress. Without evidence of significant revenue growth or capital injection, the ability to service external debt or credit lines is doubtful.

2. Financial Strength: The company’s total assets less current liabilities dropped from a positive £115 at January 2024 to a negative £6,564 at January 2025. Fixed assets have increased modestly but remain small (£635). Current liabilities are high (£9,274) relative to current assets (£2,075), resulting in a net current liability of £7,199. The large director loan balances (£8,983) indicate that the company is dependent on related-party funding rather than generating sufficient operating cash flow or external financing. Shareholders’ funds have deteriorated sharply from a small positive to a material deficit, highlighting erosion of equity.

3. Cash Flow Assessment: Cash reserves have decreased from £2,315 to £1,282 in the latest year, underscoring tight liquidity. Trade debtors have significantly reduced from £6,001 to £793, which may indicate a decline in sales or collection of outstanding invoices. The negative working capital position and accrued expenses also point to cash flow constraints. The company’s ability to meet short-term obligations without additional capital or loans appears limited.

4. Monitoring Points:

• Track cash flow trends and changes in director loans or external funding.
• Monitor turnover and debtor days to assess revenue stability and collection efficiency.
• Watch for improvements in net current assets and equity position in future filings.
• Review director conduct and related-party transactions for potential risks.
• Assess any changes in the competitive environment affecting the cleaning services sector.