MY GLOBAL TRADE LTD

Executive Summary

MY GLOBAL TRADE LTD is a newly incorporated micro-entity with a balance sheet indicating negative net assets and significant short-term liabilities exceeding current assets. Its financial position lacks liquidity and equity support, raising concerns about its ability to meet obligations or service credit. Given the limited trading history and weak financial foundation, credit facilities cannot be recommended at this time without substantial improvement in financial metrics and cash flow generation.

MY GLOBAL TRADE LTD - Analysis Report

Company Number: 14719287

Analysis Date: 2025-07-29 18:02 UTC

1. Credit Opinion: DECLINE
   MY GLOBAL TRADE LTD demonstrates a very weak financial position as of its first reported year ending March 2024. The company is a micro-entity with negligible current assets (£20) and liabilities significantly exceeding assets (£466 creditors vs £20 current assets), resulting in a net current asset deficit of £446 and overall negative net assets of £444. This indicates negative working capital and insolvency on a balance sheet basis. The absence of employees and minimal trading history (incorporated March 2023) further increases risk. The company’s ability to service any debt or meet commercial obligations appears very limited at this stage.

2. Financial Strength:
   The balance sheet is effectively insolvent with net liabilities of £444. Current liabilities substantially exceed current assets, reflecting poor liquidity and no buffer to absorb financial stress. The share capital appears unpaid (£2 called up share capital not paid), which weakens equity support. The company’s micro status and very limited asset base indicate an unproven financial foundation. No fixed assets or tangible resources have been reported to support operations or secure lending.

3. Cash Flow Assessment:
   With only £20 in current assets and creditors of £466 falling due within one year, liquidity is critical. The negative net current assets of -£446 suggest the company is reliant on external funding or shareholder support to meet short-term obligations. The absence of employees and presumably minimal operations imply very limited cash inflows at present. Without evidence of positive cash generation or working capital improvements, the company poses high liquidity risk.

4. Monitoring Points:

• Monitor future filings for improvement in net current assets and positive net equity.
• Review subsequent cash flow statements and profit and loss accounts once available to assess trading progress.
• Track payment behaviour on short-term creditors and any evidence of shareholder capital injections.
• Monitor director and PSC changes and any indications of financial restructuring or external funding.
• Watch for any overdue filings or signs of financial distress such as administration or liquidation filings.