Company Number: 13043717

Analysis Date: 2025-07-20 13:04 UTC

1. Credit Opinion: DECLINE. Moov Electric Limited’s latest available financials (year ending 30 November 2021) show a negative net asset position (£-38,605) and negative net current assets (£-38,830), indicating a working capital deficiency. Current liabilities exceed current assets, suggesting liquidity stress. The company is relatively young (incorporated 2020), and the limited financial history does not demonstrate profitability or positive equity growth. The business operates in a niche retail sector (e-scooters and e-bikes), which is competitive and sensitive to economic fluctuations. The directors appear to be stable and have no adverse conduct records, but the financial weakness outweighs this. Without more recent financial data showing improvement, extending credit would be high risk.

2. Financial Strength: The balance sheet as of Nov 2021 shows tangible fixed assets of only £225, negligible compared to current liabilities of £1.9M. Stock levels are substantial at £456k but liquidity is constrained as current liabilities surpass current assets of £1.86M. The company’s negative equity position indicates accumulated losses or insufficient capital injection. Share capital is minimal (£100), showing limited shareholder funds. Overall, the financial position is weak with solvency concerns.

3. Cash Flow Assessment: Cash on hand is modest at £145k against nearly £1.9M of short-term creditors, indicating potential cash flow tightness. Debtors are large (£1.26M), but with such high other creditors (£1.9M), the company likely relies heavily on timely collection and supplier terms to remain liquid. Negative net current assets and net liabilities suggest working capital is insufficient to cover short-term obligations without external support or improved cash conversion cycles.

4. Monitoring Points:

• Obtain and review the most recent accounts (post-2021) to assess any financial improvement or deterioration.
• Monitor liquidity ratios closely, particularly current and quick ratios, to track working capital management.
• Watch debtor collection periods and creditor payment terms for any signs of worsening cash flow.
• Review turnover and profitability trends to confirm business viability.
• Maintain oversight of director stability and any changes in ownership/control that might impact governance.