Company Number: 13629715

Analysis Date: 2025-07-20 14:01 UTC

Financial Health Assessment for NMY LTD

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1. Financial Health Score: D

Explanation:
NMY LTD demonstrates significant financial distress, indicated by persistent negative net assets and large net current liabilities. The score "D" reflects a concerning financial condition that warrants immediate attention to avoid further deterioration. While the company remains active, its financial "vital signs" reveal symptoms of liquidity and solvency challenges that could threaten ongoing operations.

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2. Key Vital Signs

Metric	2024 Value (£)	Interpretation
Fixed Assets	218,971	The company holds considerable long-term assets, likely real estate given the SIC code.
Current Assets	2,875	Very low liquid or short-term assets, insufficient to cover short-term obligations.
Current Liabilities	226,813	High short-term obligations due within one year, exceeding current assets by a large margin.
Net Current Assets	-223,938	Negative working capital, indicating a liquidity crunch — symptoms of cash flow distress.
Total Assets Less Current Liabilities	-4,967	Overall assets after covering short-term debts are negative, indicating insolvency concerns.
Net Assets / Shareholders' Funds	-5,492	Company's equity is negative, meaning liabilities exceed assets—a critical red flag.
Account Category	Micro	Simplified reporting, but financial strain is evident despite the smaller scale.
Profit and Loss Report	Not filed	Lack of profit and loss details restricts insight into operating performance and cash flows.

Additional Notes:

• The company's negative net asset position has worsened from -£2,391 in 2023 to -£5,492 in 2024.
• The fixed assets remained constant, suggesting no disposal or acquisition of major assets recently.
• No employees were recorded, indicating a non-operational or asset-holding business model.
• The sole director and 100% shareholder is Miss Nadia Younis, indicating concentrated control.

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3. Diagnosis

NMY LTD’s financial "vital signs" reveal a company in a state of financial distress analogous to a patient with critical symptoms indicating organ failure risk: the balance sheet shows the company is "underwater," with liabilities exceeding assets and a significant working capital deficit. Such a position suggests the business is struggling to meet short-term obligations, risking insolvency if not addressed.

The persistent negative net assets over multiple years, with no improvement, are symptoms of chronic financial weakness. The absence of employees and limited current assets imply little operational activity or cash inflow to alleviate liquidity pressures. The company appears to be an asset-holding entity (likely property), but without sufficient cash or receivables to cover debts due within the year.

Without access to profit and loss accounts, it is difficult to assess operational profitability or cash flow generation, but the financial position alone signals a "diagnosis" of financial distress requiring urgent intervention.

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4. Recommendations

To improve the financial health of NMY LTD, the following steps are advised:

• Liquidity Management:
  Explore options to increase current assets or reduce current liabilities urgently. This might include negotiating extended payment terms with creditors or seeking short-term financing to ease cash flow pressures.

• Asset Utilisation:
  Evaluate the fixed assets to determine if any can be sold or leveraged (e.g., via refinancing or equity injection) to improve working capital and reduce liabilities.

• Financial Restructuring:
  Consider formal restructuring plans to address negative equity, possibly involving a debt write-down, capital injection from shareholders, or re-negotiation with creditors.

• Operational Review:
  Clarify the business model and potential revenue streams. If the company is mainly holding real estate, ensure rental income or other cash flows are maximised and expenses controlled.

• Enhanced Financial Reporting:
  Prepare and file the profit and loss accounts to provide a complete financial picture, enabling better strategic decisions and stakeholder confidence.

• Professional Advice:
  Engage financial and legal advisors promptly to assess the risk of insolvency and explore turnaround or recovery options.

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