Company Number: 14356480

Analysis Date: 2025-07-20 15:18 UTC

1. Credit Opinion: APPROVE
   MGO CARES LIMITED demonstrates a stable and positive financial position with a modest but increasing level of cash and net current assets over the past two years. The company is very young (incorporated in late 2022) and operates in hospital activities, a sector typically resilient in economic downturns. The sole director and 100% owner, Mrs. Myrna Guevarra Otieco, appears to have a stable background as a nurse, which aligns with the business activity and suggests relevant industry knowledge. No adverse filing or compliance issues are noted, and the company maintains up-to-date statutory filings with no overdue accounts or confirmation statements. Given these factors, the company’s ability to meet its financial obligations appears sound at this stage.

2. Financial Strength:
   The balance sheet shows net current assets of £78,343 as of 30/09/2024, up from £46,773 in the prior year, indicating growth in liquidity and working capital. The entire asset base is current assets (cash) with no fixed assets reported, which is typical for a service-based start-up without heavy capital investment. Shareholders’ funds equal net assets, reflecting no external liabilities reported within current liabilities, suggesting a clean capital structure. The company qualifies as a "Micro" entity, consistent with its size and filing exemptions.

3. Cash Flow Assessment:
   Cash reserves have increased by approximately 68% from £46,773 to £78,343 in the latest year, indicating positive cash generation or capital injection. Net current assets are positive and growing, indicating sufficient liquidity to cover short-term obligations. There are no reported creditors due within one year, implying little to no short-term debt pressure. However, there is limited visibility on operational cash flows or profit margins as the profit and loss account is not filed publicly, which is permitted for small companies. Monitoring actual cash inflows from operating activities will be critical going forward.

4. Monitoring Points:

• Monitor growth in cash and net current assets to ensure continued liquidity strength.
• Obtain or review internally reported profit and loss data to confirm operational profitability and cash flow generation.
• Watch for any increase in creditors or short-term liabilities that might strain working capital.
• Evaluate the company’s ability to scale given the absence of fixed assets and reliance on cash reserves.
• Track director’s management and governance, especially as the company grows and potentially takes on external financing or contracts.