MOBCODER TECHNOLOGIES LTD

Executive Summary

MOBCODER TECHNOLOGIES LTD is currently in a fragile financial state, with recent accounts showing negative net assets and working capital deficits. The company’s limited financial resources and declining liquidity raise concerns about its ability to meet short-term liabilities and service new credit. Given these factors, credit facilities are not recommended at this time without significant improvement in financial metrics and cash flow stability.

MOBCODER TECHNOLOGIES LTD - Analysis Report

Company Number: 12642351

Analysis Date: 2025-07-29 14:53 UTC

1. Credit Opinion: DECLINE
   MOBCODER TECHNOLOGIES LTD shows a deteriorating financial position with net liabilities reported in the latest accounts (2024: net assets of -£81 versus 2023: net assets of £7,713). The company has moved from positive net assets in prior years to negative net current assets and a net liability position recently, indicating financial distress and weakening capital structure. The micro-entity filing and small scale of operations limit transparency and credit risk mitigation. Given the negative net assets and current liabilities exceeding current assets, the company’s ability to meet short-term obligations and service any additional debt is highly uncertain.

2. Financial Strength:
   The balance sheet reveals weakening financial strength. Fixed assets remain minimal (£661 in 2024) and have slightly declined over time. Current assets have decreased substantially from £32,728 in 2023 to £19,475 in 2024, while current liabilities remain high at £20,216, resulting in negative net current assets of £741. The company’s net liabilities position reflects erosion of shareholder equity and limited buffer against financial shocks. The company is heavily reliant on director advances (interest-free loan balance of £15) and has minimal capital (£1 share capital).

3. Cash Flow Assessment:
   The reduction in current assets, particularly cash or equivalents (not explicitly detailed but implied by decline), combined with current liabilities exceeding current assets, signals liquidity pressures. Negative working capital suggests the company may struggle to cover immediate liabilities from operational cash flows. The company’s small scale (one employee, the director) and limited resources constrains its ability to generate sufficient cash flow to meet obligations or service debt.

4. Monitoring Points:

• Track net current assets and net asset position in future accounts to assess stabilization or further deterioration.
• Monitor director loans and related party transactions for financial support dependency.
• Watch cash balances and liquidity ratios closely to detect signs of worsening cash flow stress.
• Observe any changes in business scale, profitability, or operating model that might improve financial resilience.
• Review compliance with filing deadlines and any changes in director or ownership that impact governance.