Company Number: 14736295

Analysis Date: 2025-07-29 13:53 UTC

1. Credit Opinion: DECLINE. Mirage Cafe Limited is a recently incorporated private limited company operating in the unlicensed restaurant and café sector. The company's latest financials show net liabilities of £4,421 with negative shareholders’ funds and working capital deficiency. Given the very limited operating history (just over one year), negative net assets, and absence of any material current assets beyond a small cash balance (£1,059), the company currently lacks the financial strength to service additional debt or credit facilities. The business is in its infancy with no evidence of profitability or cash flow generation. Without significant capital injection or improvement in trading performance, credit risk is high.

2. Financial Strength: The balance sheet reveals total current liabilities of £5,480 against current assets of only £1,059, resulting in negative net current assets of £4,421. The share capital is minimal at £100, and accumulated losses have led to negative shareholders’ funds of £4,421. The company does not hold fixed assets or other long-term investments. This weak equity base and working capital deficit indicate poor financial resilience and limited cushion to absorb operational setbacks or economic downturns.

3. Cash Flow Assessment: Cash at bank is very low (£1,059) compared to short-term obligations (£5,480). The company’s negative net current assets position suggests ongoing liquidity challenges. No details of operating cash flow or profit and loss were filed, but the accumulated losses imply expenses exceeding income. Working capital is insufficient to support normal business operations or unexpected costs, raising concerns over the company’s ability to meet short-term commitments without external funding.

4. Monitoring Points:

• Improvement in profitability and cash generation in subsequent accounting periods.
• Reduction of current liabilities or increase in current assets to improve working capital.
• Capital injections or shareholder loans to strengthen the equity base.
• Filing of next annual accounts and returns on time with detailed profit and loss information.
• Any changes in director or control structure that may impact financial stewardship.