Company Number: 12671064

Analysis Date: 2025-07-20 15:58 UTC

1. Credit Opinion: DECLINE
   MY HEALER LTD shows no substantive trading activity or financial substance to support credit extension. The company is a micro entity with minimal turnover (£3,398 in 2023) and no assets or liabilities reported in the most recent accounts. Net assets and shareholders’ funds are zero in the latest filings, reflecting no capital buffer or retained earnings. Absence of current assets or liabilities suggests negligible operational scale. The company has no employees and is managed solely by the founder/director, indicating limited management depth. Given the lack of financial strength, trading history, and liquidity, the risk of non-repayment or default is high. Credit facilities are not justifiable under these conditions.

2. Financial Strength:
   The balance sheet is effectively flat with zero net assets as of 30 June 2024. No fixed or current assets are held, and there are no liabilities. Historically, the company showed negative net assets (e.g., -£905 in 2021) but has since reported zero balances, possibly reflecting cessation or non-activity rather than improved performance. Share capital is nominal (£1.00), indicating minimal equity investment. Overall, the company has no financial strength or buffer to absorb losses or fund operations.

3. Cash Flow Assessment:
   No current assets such as cash or receivables are recorded, indicating a lack of liquid resources. No current liabilities mean no immediate financial obligations, but also no operational activity generating working capital. The absence of employees and sales in 2024 suggests no ongoing cash generation. This lack of liquidity and working capital means the company cannot service debt or meet financial commitments from internal resources.

4. Monitoring Points:

• Monitor any future filings for evidence of revenue generation or asset acquisition.
• Watch for changes in capital structure or injection of equity to provide financial backing.
• Track director’s actions or announcements for business strategy shifts that might improve financial viability.
• Review any overdue filings or signs of insolvency proceedings as potential credit red flags.