MYSTERYFOOTBALL LTD

Executive Summary

Mysteryfootball Ltd is an active private company in the niche retail sector with current compliance in filings and positive working capital. However, the significant reduction in cash reserves, emergence of long-term creditors, and a notable decline in net assets raise moderate solvency and liquidity concerns that require further financial analysis. Investors should investigate underlying profitability and cash flow dynamics before committing capital.

MYSTERYFOOTBALL LTD - Analysis Report

Company Number: 13140403

Analysis Date: 2025-07-29 20:52 UTC

1. Risk Rating: MEDIUM
   Mysteryfootball Ltd shows modest net current assets and positive net assets but experienced a significant decline in cash reserves in 2024 compared to prior years. The presence of long-term creditors and a drop in overall net assets raise moderate solvency and liquidity concerns.

2. Key Concerns:

• Liquidity decline: Cash at bank dropped sharply from £274k in 2023 to £94k in 2024 despite relatively stable current assets, which could indicate cash flow pressures.
• Increased long-term liabilities: Introduction of £24k creditors due after more than one year in 2024, with no prior long-term debt reported, may increase financial risk.
• Decreasing net assets: Net assets fell from £262k in 2023 to £111k in 2024, a sizeable drop that warrants investigation into causes such as losses or asset write-downs.

3. Positive Indicators:

• Positive working capital: Net current assets remain positive at £87k, suggesting the company can cover short-term liabilities.
• No overdue filings: Accounts and confirmation statements are up to date, indicating compliance with statutory requirements.
• Stable ownership and management: The director and significant control persons have been consistent since incorporation with no disqualifications reported.

4. Due Diligence Notes:

• Review profit and loss details (not included) to understand the reasons behind the decline in net assets and cash levels.
• Investigate the nature and terms of the new long-term creditors and assess repayment obligations and covenants.
• Assess the company's cash flow statements for 2024 to determine the liquidity trend and any reliance on external financing.
• Confirm if the company’s stocks and debtors are realizable at stated values given the drop in cash and net assets.
• Evaluate market conditions impacting the retail sale of clothing in specialised stores, particularly niche football shirts, for sustainability risks.