NOBLEMAN PROJECTS LIMITED

Executive Summary

NOBLEMAN PROJECTS LIMITED has experienced a severe financial deterioration over the last year, resulting in critical liquidity constraints and near insolvency. The company’s inability to maintain positive working capital and cash reserves raises substantial doubt about its capacity to meet short-term obligations. Given these factors, credit facilities are not recommended at this time without significant remedial measures.

NOBLEMAN PROJECTS LIMITED - Analysis Report

Company Number: 12994906

Analysis Date: 2025-07-29 13:06 UTC

1. Credit Opinion: DECLINE
   NOBLEMAN PROJECTS LIMITED exhibits a significant deterioration in financial health over the past year, with net current assets plunging from a healthy positive £18,505 in 2023 to a negative £1,996 in 2024. The company's cash reserves have nearly vanished from £12,971 to just £51, indicating critical liquidity challenges. Current liabilities remain substantial at £2,644 with minimal current assets available to cover them. This raises material concerns on their ability to meet short-term obligations and service debt. No employees are recorded, which may reflect limited operational capacity or a dormant trading status despite being active. The director holds full control, but no evidence of robust financial management or turnaround strategy is disclosed. Given this rapid and severe decline, the risk of default is elevated.

2. Financial Strength:
   The balance sheet shows net assets barely positive at £41 (down from £21,155 prior year), indicating near insolvency in equity terms. Fixed assets remain small at £2,037 and largely unchanged. The company’s trade debtors have dropped sharply from £2,465 to zero, suggesting a halt or decline in revenue-generating activity. Overall, the company’s financial foundation is weak, with minimal equity buffer and strained working capital.

3. Cash Flow Assessment:
   The liquidity position is critical — cash on hand is only £51 against current liabilities of £2,644. The absence of net current assets and near-zero cash places the company at risk of inability to cover immediate expenses. Debtors have also decreased significantly, reducing expected cash inflows. The cash conversion cycle may be impaired, and working capital management appears inadequate.

4. Monitoring Points:

• Monitor monthly cash flow and bank balances closely for signs of further distress.
• Track debtor collections and any recovery of trade receivables.
• Watch for any increase in current liabilities or overdue creditors.
• Review director or management actions regarding financial restructuring or injection of capital.
• Confirm operational status and any trading activity given zero employees and declining assets.