MJBTECH LTD

Executive Summary

MJBTECH LTD’s financial profile reflects a start-up micro-entity with minimal assets, negative equity, and no operating income, resulting in poor creditworthiness. Its limited liquidity and capital base present a high risk for debt servicing. Credit facilities should be declined until the company demonstrates improved financial stability and trading performance.

MJBTECH LTD - Analysis Report

Company Number: 14860083

Analysis Date: 2025-07-29 20:22 UTC

1. Credit Opinion: DECLINE. MJBTECH LTD is a micro-entity incorporated in May 2023 with minimal trading history. The latest accounts show a negative net asset position of £4,841 primarily due to £5,068 creditors falling due after more than one year, indicating liabilities exceed assets. Current assets of £226 are insufficient compared to liabilities, and no fixed assets or employees are reported. The company’s limited financial resources and negative equity raise concerns about its ability to meet debt obligations or absorb financial shocks. Furthermore, absence of turnover or profit data suggests minimal or no trading activity, increasing credit risk.

2. Financial Strength: The company has no fixed assets and very limited current assets (£226). Current liabilities are reported as zero, but there is a significant creditor balance (£5,068) classified as long-term liabilities, resulting in negative net assets of £4,841. Shareholders’ funds are negative, reflecting accumulated losses or net obligations. This weak balance sheet indicates poor financial strength and insufficient capital to support operations or repay debts.

3. Cash Flow Assessment: With negligible current assets and no reported cash or equivalents, liquidity is severely constrained. The company’s working capital position is minimal with net current assets of £226, insufficient to cover any short-term obligations or operational costs. No employees and no reported income suggest limited cash inflows. The company likely relies on shareholder funding or external support to sustain operations, posing a high liquidity risk.

4. Monitoring Points:

• Track subsequent filings for evidence of trading activity and revenue generation.
• Monitor changes in liabilities, especially creditor balances and their terms.
• Review updates to net asset position and shareholder equity to assess capital adequacy.
• Observe any director or management changes that might impact governance and financial control.
• Ensure timely filing of accounts and confirmation statements to avoid regulatory penalties.