MY CORE GUY LTD

Executive Summary

My Core Guy Ltd maintains a stable liquidity position with positive net current assets and an increased cash balance, supporting short-term creditor confidence. However, the notable rise in current liabilities and erosion of equity over recent years require close attention to ensure continued financial health. Given the company's small scale and focused management, ongoing monitoring of working capital and liabilities is recommended to mitigate credit risk.

MY CORE GUY LTD - Analysis Report

Company Number: 12645749

Analysis Date: 2025-07-20 11:32 UTC

1. Credit Opinion: APPROVE with caution
   My Core Guy Ltd demonstrates a stable financial position with positive net current assets and shareholders' funds. The company maintains liquidity adequate to meet short-term obligations, supported by a healthy cash balance. However, the recent increase in current liabilities in 2024 compared to prior years warrants monitoring. The business appears small and managed by a single director, which may limit operational resilience but shows focused stewardship.

2. Financial Strength
   The balance sheet reflects a modest but stable equity base of approximately £7,288 as of June 2024, down from £18,230 in 2021, indicating some erosion of net assets over recent years. Fixed assets are minimal (£799), implying limited capital investment but also low depreciation burden. Net current assets remain positive (£6,489) showing working capital adequacy. The rise in current liabilities from £12,928 (2023) to £32,430 (2024) is notable and may signal increased short-term borrowing or payables.

3. Cash Flow Assessment
   Cash in bank increased significantly to £33,221 in 2024 from £13,012 the prior year, enhancing liquidity and ability to cover immediate debts (current liabilities). Debtors are low and stable, reducing risk of cash flow disruption from receivables. Stock levels have decreased but remain present, indicating some inventory holding. Overall, the company exhibits sufficient liquidity to service current liabilities, though the composition and terms of these liabilities should be reviewed.

4. Monitoring Points

• Monitor the composition and maturity profile of the increased current liabilities to ensure they do not pressure cash flow.
• Track trends in net asset erosion to understand underlying profitability or losses, as profit & loss details are not disclosed.
• Observe any changes in debtor days and stock turnover to assess working capital efficiency.
• Assess management’s ability to sustain growth or stabilize finances given a single director and small workforce.
• Review subsequent filings for any indication of deteriorating financial performance or liquidity stress.