Company Number: 13666937

Analysis Date: 2025-07-20 11:42 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   MYOTA LIMITED displays a significant turnaround in its financial position in the most recent year ending October 2024, moving from net liabilities of £166k in 2023 to net assets of £275k in 2024. The elimination of long-term creditors and a strong positive net current asset position suggest improved liquidity and a more stable capital structure. However, given the company's very recent incorporation (2021) and its previous periods of negative equity and high liabilities, cautious monitoring is warranted before advancing credit. The directors appear capable, and no adverse conduct is noted, but the company’s short trading history limits the predictability of future performance.

2. Financial Strength:
   The balance sheet as of October 2024 shows fixed assets of £3.3k and current assets of £278.7k against current liabilities of only £5.7k, resulting in a robust net current asset (working capital) position of £272.9k. Notably, the company repaid or restructured long-term debt of £369k that existed in the prior year, significantly improving solvency. Shareholders’ funds have moved into positive territory by £275k, signaling restored equity. This turnaround is a positive sign of financial strengthening, although asset base remains modest reflecting the micro entity scale.

3. Cash Flow Assessment:
   The company’s large net current assets relative to liabilities indicate strong short-term liquidity and the ability to cover immediate obligations comfortably. The reduction in creditors falling due after more than one year from £369k to nil suggests improved debt servicing or refinancing. The working capital position supports operational liquidity, but absence of profit and loss data limits detailed cash flow insight. Monitoring actual operating cash generation and any reliance on external financing will be important.

4. Monitoring Points:

• Continued positive movement in net assets and equity to confirm sustainability of financial improvements.
• Profitability trends once full P&L data becomes available to assess underlying business performance.
• Cash flow from operations and any new debt or creditor accumulation.
• Management’s ability to maintain liquidity and avoid recurrence of high liabilities.
• Impact of the company’s dual SIC classifications (health activities and food manufacture) on revenue diversification and risk.