Company Number: 13157190

Analysis Date: 2025-07-20 14:38 UTC

1. Credit Opinion: DECLINE
   NeuroCyber CIC operates as a private company limited by guarantee with no share capital and minimal financial activity. The latest filed accounts show a break-even position with no net assets, no retained earnings, and no employees. Current liabilities equal current assets, resulting in zero net working capital and no financial buffer. This company appears to function primarily as a volunteer-led social enterprise coordinating activities without revenue generation or cash reserves sufficient to service any debt. From a commercial credit perspective, the absence of profitability, net assets, or cash flow generation indicates a lack of capacity to meet loan repayments or commercial credit terms.

2. Financial Strength:
   The balance sheet shows total current assets of £3,984 matched exactly by current liabilities of £3,984, leaving net current assets at zero and net assets at zero. The company holds no fixed assets and no shareholders’ funds. The financial structure reflects a financially fragile entity with neither capital reserves nor surplus cash to absorb shocks. Given the nature of a Community Interest Company limited by guarantee, there is no equity capital to fall back on. The absence of retained earnings or profitability history further weakens the financial standing.

3. Cash Flow Assessment:
   Cash on hand equals £3,984, which matches current liabilities, indicating just enough liquidity to meet immediate obligations but no excess working capital. The company has no reported employees or profit and loss data published, suggesting minimal operational activity and no internally generated cash flows. Cash flow generation is likely reliant on external funding or grants rather than commercial trading. This low liquidity and no operating cash inflow imply high risk of cash flow shortfalls if liabilities increase or funding sources diminish.

4. Monitoring Points:

• Watch for any changes in the company’s ability to generate revenue or secure sustainable funding streams.
• Monitor the directors’ appointments and governance, especially given recent appointments (March 2025) which could signal shifts in strategy or operational focus.
• Observe any changes in liquidity or creditor balances in future filings.
• Assess any expansion of activities or introduction of paid employees that could impact financial stability.
• Given the CIC status, monitor impact reporting and stakeholder engagement as indicators of sustainability and operational viability.