Company Number: 14188651

Analysis Date: 2025-07-20 16:37 UTC

1. Credit Opinion: DECLINE. Obi Spaces Limited is a very newly incorporated micro-entity (incorporated June 2022) with minimal financial activity and extremely limited net assets (£1). The company currently shows no significant working capital or operational scale and carries substantial financial commitments (£204,167 guarantees) which are not supported by corresponding assets or income. The absence of employees and minimal current assets indicate an early-stage or dormant operation with little evidence of revenue or profitability needed to service debt obligations. Given the financial immaturity and lack of substantive resources, the company cannot be considered creditworthy for lending or significant commercial credit at this time.

2. Financial Strength: The balance sheet is extremely weak. The company reports total net assets of only £1, with current assets of £432 barely covering current liabilities of £431, resulting in negligible working capital of £1. There are no fixed assets or retained earnings disclosed. The financial commitments disclosed are substantial relative to the asset base, which introduces risk due to potential contingent liabilities. Overall, the financial position reflects a company at the very start of its lifecycle with no demonstrated capital buffer or financial strength.

3. Cash Flow Assessment: Cash and liquid resources are minimal (£432), barely sufficient to meet immediate liabilities (£431). The company has no employees and presumably minimal operating expenses, but also no reported revenue or cash flow generation. There is no evidence of cash reserves or working capital adequacy to sustain operations or meet financial commitments beyond the short term. The lack of an income statement or profit and loss data further limits cash flow visibility.

4. Monitoring Points:

• Track future filings for revenue generation and profit/loss trends.
• Monitor changes in net current assets and net assets for signs of capitalization or operational growth.
• Watch for any changes in guarantees or financial commitments that could elevate risk.
• Review director or shareholder disclosures for capital injections or strategic developments.
• Assess upcoming confirmation statements for changes in ownership or company status.