Company Number: 13499801

Analysis Date: 2025-07-29 20:19 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Moving Currency Limited operates in a niche financial intermediation sector and is a micro-entity with relatively modest financials. The company is active, current with filings, and controlled fully by an experienced director. However, the recent reduction in net assets and net current assets raises concerns regarding liquidity and financial stability. Approval is recommended on condition that the company improves its working capital position and maintains timely financial discipline. Close monitoring of cash flow and liabilities is advised before increasing credit exposure.

2. Financial Strength:
   The balance sheet shows net assets decreased from £14,828 in 2023 to £10,237 in 2024, indicating a decline in retained equity. Fixed assets remain minimal (~£1,600), consistent with a service-focused business. Current assets increased slightly to £24,526, but current liabilities almost doubled, rising to £14,678. Consequently, net current assets dropped from £13,654 to £9,848. Shareholders' funds declined, reflecting possible accumulated losses or distribution. Overall, the company remains solvent but shows weakening financial strength.

3. Cash Flow Assessment:
   The company has a positive net current asset position (£9,848), indicating working capital sufficiency to meet short-term obligations. However, the sharp increase in current liabilities suggests pressure on liquidity, possibly due to rising trade payables or short-term borrowings. The absence of profit and loss detail limits cash flow insight, but the drop in net assets and working capital indicates tighter liquidity. Maintaining adequate cash reserves and controlling creditor terms will be critical for ongoing payment capability.

4. Monitoring Points:

• Track quarterly updates on current liabilities and trade payables to detect liquidity stress early.
• Review future annual accounts for profitability trends and retained earnings movement.
• Monitor director’s engagement and any changes in ownership or management that may impact governance.
• Watch for any overdue filings or negative credit events such as defaults or legal actions.
• Assess impact of market or regulatory changes in the financial intermediation sector on business viability.