Company Number: 14515817

Analysis Date: 2025-07-19 12:15 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   MY TECH (LONDON) LTD is a very young micro-entity incorporated in late 2022, with limited financial history and no employees. The balance sheet shows positive net assets and working capital, indicating a basic ability to meet short-term obligations. However, absence of profit and cash flow data, combined with the company's nascent stage and limited operational scale, warrants caution. Approval is recommended with conditions including regular monitoring of trading performance, cash flow, and filing of future accounts to confirm ongoing viability.

2. Financial Strength:
   The company reported net assets of £4,716 and net current assets of £4,816 as of 30 November 2023. The balance sheet is small but positive, with current assets (£6,523) comfortably exceeding current liabilities (£1,707). There is no evidence of debt or external borrowings, and the company shows shareholders’ funds equal to net assets, reflecting initial capital injection. The micro-entity status limits detailed financial disclosure, and absence of turnover or profit figures restricts in-depth analysis.

3. Cash Flow Assessment:
   No direct cash flow statement is available, and average employees during the year were zero, implying minimal operating activity. The positive net current assets indicate some liquidity buffer, but the small scale of operations and lack of historical trading data make it difficult to assess ongoing cash generation capacity. Close attention should be given to future cash flow statements and working capital trends as the business scales.

4. Monitoring Points:

• Timely filing of next annual accounts to track financial progression beyond start-up phase.
• Cash flow generation and working capital trends in subsequent periods.
• Development of turnover and profitability metrics as business operations commence or expand.
• Director’s conduct and any changes in significant control or shareholding structure.
• Compliance with payment terms and any emerging liabilities.