MYTRADE LIMITED

Executive Summary

MYTRADE LIMITED is a newly established micro-entity with a clean but minimal balance sheet reflecting initial equity capital and cash holdings. While the company shows no immediate financial distress, its small scale and lack of profit data warrant cautious credit exposure with regular review. The recent board changes and limited trading history suggest close monitoring of governance and financial performance is key before increasing credit facilities.

MYTRADE LIMITED - Analysis Report

Company Number: 14554003

Analysis Date: 2025-07-20 11:14 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   MYTRADE LIMITED is an early-stage private limited company incorporated in late 2022, with limited financial history. The small scale of operations, evidenced by modest cash balances (£12,000) and absence of liabilities, suggests low financial risk currently. However, the lack of profit and loss information and minimal asset base indicate limited operating scale and financial depth. The recent resignation of two directors may raise governance queries but does not appear to materially impair control or operations as one director remains active. Credit should be extended cautiously, with limits aligned to the size and maturity of the business and subject to regular monitoring.

2. Financial Strength:
   The balance sheet as of December 31, 2023, shows total assets less current liabilities of £12,000, wholly represented by cash and equity capital. There are no recorded liabilities, reflecting a clean balance sheet but also a lack of financial leverage or working capital buffer beyond the initial equity injection. The company qualifies as a micro-entity with exemption from audit and simplified reporting. Absence of fixed assets or significant current assets other than cash limits collateral value and financial flexibility.

3. Cash Flow Assessment:
   Liquidity is currently adequate for minimal operational needs, with cash at bank matching net assets. However, no detailed cash flow statements or profit figures are provided, limiting insight into cash generation capacity or operational cash flow dynamics. Working capital is positive given no current liabilities, but scale is very small, and the company's ability to meet larger or unexpected cash demands is unproven. Continuous monitoring of cash flow and working capital adequacy is necessary as the business develops.

4. Monitoring Points:

• Track filing of full accounts and profit/loss data in subsequent years to assess revenue growth and profitability.
• Monitor director changes and governance structure stability following recent resignations.
• Review cash balance trends and any increase in liabilities or credit usage.
• Assess business expansion plans and capital needs relative to current modest financial base.
• Keep watch on compliance with filing deadlines and any changes in ownership or PSC structure.