MARYPORT SMILE CENTRE LTD

Executive Summary

Maryport Smile Centre Ltd is a newly formed micro-entity presenting a weak financial position with net liabilities and negligible working capital. The lack of trading history and minimal assets pose a significant credit risk, making credit approval untenable at this stage. Ongoing monitoring of operational performance and financial health is essential before reconsidering credit exposure.

MARYPORT SMILE CENTRE LTD - Analysis Report

Company Number: 15199358

Analysis Date: 2025-07-29 21:01 UTC

1. Credit Opinion: DECLINE
   Maryport Smile Centre Ltd is a newly incorporated micro-entity with very limited operating history and minimal financial data. The balance sheet as of 31 March 2024 shows net liabilities (£179) and negligible current assets (£1), indicating no tangible financial buffer. The company’s negative equity position and minimal working capital raise significant concerns about its ability to service any credit facility. The lack of trading history and absence of revenue or profit figures limit confidence in its financial viability. Given these factors, the risk of default is high, and credit approval is not recommended at this stage.

2. Financial Strength:
   The company’s balance sheet reveals a net liability position of £179, with current assets of just £1 and accruals/deferred income of £180. The negative shareholders’ funds suggest the company has either incurred start-up expenses or deferred income that has not yet converted into assets or profits. No fixed assets or cash reserves are reported. The micro-entity status allows for minimal disclosure, but the financial position is weak with no demonstrated capital or asset base to support operations or debt repayment.

3. Cash Flow Assessment:
   Working capital is effectively zero (£1 current assets vs. £180 liabilities in accruals), indicating a critical liquidity constraint. No cash or equivalents are reported, suggesting the company might be reliant on further equity injections or external funding to meet ongoing obligations. The average number of employees is one, likely the director, indicating a very small operation with limited cash outflows currently. However, the absence of cash reserves or receivables points to inadequate liquidity to cover short-term liabilities or service debt.

4. Monitoring Points:

• Track future filed accounts for evidence of revenue generation and profitability.
• Monitor cash flow statements once available, to assess cash generation and liquidity improvements.
• Watch for any additional capital injections or shareholder loans that may shore up the balance sheet.
• Review director’s conduct and credit history for signs of management quality and financial stewardship.
• Confirm timely filing of accounts and returns to ensure regulatory compliance and transparency.