Company Number: 12624219

Analysis Date: 2025-07-29 14:16 UTC

1. Credit Opinion: DECLINE
   NOT THC LIMITED exhibits a concerning financial position with net liabilities and negative shareholders' funds as of the latest financial year end (2024). The company’s total net liabilities have grown substantially from £2,575 in 2023 to £6,090 in 2024. This deteriorating balance sheet position indicates poor financial health and a high risk of insolvency. Additionally, the company reported zero employees and negligible current assets (£7), severely limiting operational capacity and cash generation. Without clear evidence of incoming cash flows or capital injection, the company lacks the ability to service debt or meet commercial obligations reliably.

2. Financial Strength:
   The company’s balance sheet shows a drastic decline over the past year. Current liabilities remain relatively stable (£5,813), but current assets plummeted from £3,238 in 2023 to just £7 in 2024, resulting in negative net current assets of £277. More importantly, long-term creditors amount to £5,813, pushing total net liabilities deep into negative territory (-£6,090). The absence of fixed assets or other tangible resources suggests no collateral for lending. Share capital is minimal (£2), indicating limited equity buffer or financial backing.

3. Cash Flow Assessment:
   Current assets are nearly depleted, with negligible cash or receivables to fund short-term obligations. The company has no employees, which may reduce operating expenses but also implies minimal business activity. The negative working capital position and large creditor balances point to liquidity distress. Without operating cash flows or external capital, the company is unlikely to meet upcoming liabilities or sustain ongoing operations.

4. Monitoring Points:

• Watch for improvements in current assets, particularly cash or receivables.
• Monitor creditor balances and any restructuring or repayment plans.
• Assess changes in share capital or equity injections indicating financial support.
• Review future filings for evidence of resumed business activity or operational scale-up.
• Track director conduct and any related party transactions that may affect creditworthiness.