MYSA GROUP LTD

Executive Summary

MYSA GROUP LTD is currently financially weak with persistent negative net assets and limited liquidity, posing a high credit risk. The company’s cash position is insufficient to cover liabilities, and no operational scale is evident. Without improvement in financial structure or cash generation, the company is unlikely to meet credit obligations effectively.

MYSA GROUP LTD - Analysis Report

Company Number: 12571164

Analysis Date: 2025-07-19 12:21 UTC

1. Credit Opinion: DECLINE
   MYSA GROUP LTD demonstrates a weak financial position with persistent net current liabilities and negative net assets in recent years. The company’s ability to service debts is questionable given the minimal current assets (£8) against substantial current liabilities (£1,211 as of 2024), indicating poor liquidity. The absence of employees and limited operational scale (micro-entity) further constrain business resilience. While the director holds full control, the financial stewardship appears insufficient to stabilize or grow the business. The continuous negative equity, except for a brief positive in 2022, raises concerns over solvency and repayment capacity.

2. Financial Strength:
   The balance sheet reveals ongoing negative net assets: -£1,203 at 30 April 2024 compared to -£681 the prior year. Current liabilities significantly exceed current assets, resulting in negative working capital. Shareholders’ funds are negative, reflecting accumulated losses or undercapitalization. The company’s total assets are negligible, and no fixed assets or meaningful investments are reported. This fragile capital structure indicates a high-risk profile with limited financial buffer.

3. Cash Flow Assessment:
   With current assets at £8 (likely cash or equivalents) versus current liabilities of £1,211, liquidity is critically strained. The company likely relies on external funding or director support to meet short-term obligations. The absence of employees and minimal operational activity suggest limited cash inflows. The negative net current assets position signals potential cash flow difficulties, increasing risk of payment delays or defaults on creditors.

4. Monitoring Points:

• Watch quarterly or interim liquidity metrics closely, especially current ratio and quick ratio.
• Track changes in current liabilities and any new debt facilities or director loans.
• Review any operational developments or new contracts that could improve cash flow.
• Monitor director conduct and any capital injections or restructuring efforts.
• Keep an eye on filing compliance to avoid regulatory penalties that could exacerbate financial stress.