NICEONE E-COMMERCE LTD

Executive Summary

NICEONE E-COMMERCE LTD is a start-up with minimal financial history and a very modest asset base, showing limited operational scale and liquidity. The company’s governance structure is currently concentrated with a single controlling director, and cash flow generation is unproven. Given the current data, credit exposure would carry high risk and is not recommended without substantial improvement in trading performance and financial robustness.

NICEONE E-COMMERCE LTD - Analysis Report

Company Number: 15207309

Analysis Date: 2025-07-29 21:01 UTC

1. Credit Opinion: DECLINE

NICEONE E-COMMERCE LTD is a newly incorporated private limited company with a short trading history of just over one year. The financial data shows minimal operations, reflected by low cash balances (£721) and net current assets (£422). The company has no employees and limited liabilities, indicating minimal scale and operational activity to date. The director structure has been unstable, with two directors resigning simultaneously in October 2024, leaving a single director who is also the sole shareholder controlling 75-100% of shares and voting rights. This concentration of control and lack of management depth increases governance risk. Given the minimal financial history, low asset base, and limited operational scale, the company currently lacks demonstrated capacity to service debt or absorb financial shocks. Therefore, extending credit facilities at this stage is high risk.

2. Financial Strength:
   The balance sheet shows very modest net assets of £422, comprised mainly of cash (£721) offset by creditors £299 due within one year. The company has no fixed assets and no recorded turnover or profit figures disclosed in the accounts. Shareholder funds equal net assets, indicating no accumulated losses yet, but the absence of scale or profit generation limits financial resilience. The small current liabilities relative to cash suggests short-term obligations appear manageable, but the overall capital base is very thin.

3. Cash Flow Assessment:
   Cash on hand is £721, which provides minimal liquidity. Net current assets of £422 indicate positive working capital but at a very low level. The company’s accruals and tax liabilities (£299) are not significant in absolute terms but relative to the cash position, they represent a meaningful outflow. With no employees and no turnover reported, operational cash inflows appear non-existent or negligible. This signals potential dependency on shareholder funding or other external capital injections for ongoing liquidity.

4. Monitoring Points:

• Track turnover and profit development in the next accounting period to assess operational viability.
• Monitor changes in director appointments and governance structure for stability.
• Watch cash flow trends closely, particularly liquidity and working capital fluctuations.
• Review any new liabilities or debt facilities taken on, and the company’s ability to service them.
• Assess any external funding rounds or shareholder injections that may improve capital strength.