Company Number: 13452025

Analysis Date: 2025-07-19 12:45 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   OmniAthlete Ltd is a small private limited company operating in the "Other human health activities" sector. It is active with no overdue filings and has a stable director team since incorporation in 2021. However, the most recent financial year (2023-24) shows a significant decline in net current assets and shareholders’ funds—from £8,963 in 2023 to £2,022 in 2024—primarily due to an increase in current liabilities and a reduction in cash and debtors. This decline signals some financial stress or increased short-term obligations that should be monitored. The company’s ability to service debt is currently adequate but marginal, hence credit should be extended with caution and regular review.

2. Financial Strength:
   The balance sheet shows only current assets, no fixed assets, indicating a likely service-oriented business with minimal capital assets. Share capital is nominal at £100, and equity is low at £2,022 as of the latest accounts. The erosion of net assets and working capital over the last year reduces the company’s financial buffer against unexpected expenses or downturns. There are no signs of long-term debt, but the increase in short-term creditors from £5,211 to £9,045 suggests rising payables or accrued expenses that may pressure liquidity.

3. Cash Flow Assessment:
   Cash at bank decreased from £12,051 to £10,452, while debtors dropped significantly from £2,123 to £615. The decline in receivables may improve cash collection efficiency or indicate lower sales on credit. Current liabilities nearly doubled, which tightens working capital and could strain cash flow if liabilities come due before revenues are realized. Net current assets remain positive but thin at £2,022, suggesting limited cushion to absorb cash flow shocks. The company presently has a modest liquid position but should maintain close control over payables and receivables.

4. Monitoring Points:

• Track the trend in current liabilities and ensure they do not outpace current assets further.
• Monitor cash balances and debtor collections to avoid liquidity shortfalls.
• Review turnover and profitability trends once turnover data is available, as the accounts do not disclose revenue or profit figures.
• Assess management’s ability to control costs and improve working capital management.
• Watch for any changes in director composition or new financing arrangements that might affect credit risk.