MY COACH FOR LIFE CONSULTANCY LIMITED

Executive Summary

My Coach For Life Consultancy Limited shows improving financial health with positive net assets and strong cash position as of June 2024. However, given its small scale and significant tax liabilities, credit approval is recommended on a conditional basis with careful monitoring of cash flow and liability management. The company’s ability to maintain and grow revenues will be key to sustaining creditworthiness going forward.

MY COACH FOR LIFE CONSULTANCY LIMITED - Analysis Report

Company Number: 12661383

Analysis Date: 2025-07-20 15:56 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   My Coach For Life Consultancy Limited demonstrates positive net current assets and net assets as of 30 June 2024, indicating a stable balance sheet position. However, the company is very small, with only one employee on average and relatively low turnover information (not directly provided but implied from exemption status and account category). The cash balance has improved significantly from £2 in 2023 to £24,791 in 2024, which supports liquidity. The presence of taxation and social security liabilities (£12,998) as part of current liabilities requires monitoring to ensure timely payment and avoid enforcement actions. Given these factors and the recent resignation of one director, credit approval should be conditional on continued maintenance of positive cash flow and prompt settlement of liabilities.

2. Financial Strength:
   The company’s balance sheet shows net assets of £9,705 as at 30 June 2024, up from just £2 the prior year, reflecting accumulated retained earnings. Current assets (£24,881) exceed current liabilities (£15,176), giving net current assets of £9,705. This positive working capital position suggests a sound short-term financial standing. The share capital is nominal (£2), typical for small private companies, and shareholders’ funds support the net assets figure. The company benefits from a clean balance sheet with no long-term liabilities reported.

3. Cash Flow Assessment:
   Cash at bank rose sharply to £24,791 from £2 in the previous year, indicating improved cash inflows or financing. Debtors are minimal (£90), so cash conversion from receivables is efficient. Current liabilities are significant but covered by cash and other current assets, suggesting adequate liquidity to meet short-term obligations. The company’s ability to generate cash from operations should be reviewed closely as the business is very small and reliant on limited resources. Monitoring payment of tax and social security liabilities is critical to maintain cash flow health.

4. Monitoring Points:

• Timely payment of taxation and social security liabilities to avoid penalties or enforcement
• Continuity of cash inflows to sustain liquidity given small scale of operations
• Impact of director changes on management and financial control
• Growth in turnover and profitability, as not disclosed, to validate financial improvements
• Any increase in creditors or liabilities that could strain working capital