OUTSIDER RECORDS LTD

Executive Summary

OUTSIDER RECORDS LTD currently exhibits a critically weak financial position with negligible assets and no reported working capital, limiting its ability to service credit. The company’s financial trajectory appears negative or dormant, raising significant credit risk concerns. Approval of credit facilities is not recommended without substantial improvement or clarification of financials.

OUTSIDER RECORDS LTD - Analysis Report

Company Number: 14064206

Analysis Date: 2025-07-20 14:08 UTC

1. Credit Opinion: DECLINE
   OUTSIDER RECORDS LTD shows a materially weakened financial position in its latest accounts. The balance sheet as of 30 April 2024 reports only £1 in net assets and zero current assets, indicating no liquid resources available to meet liabilities or fund operations. The prior year accounts reported modest positive net assets (£5,856) and current assets (£9,661), but these have effectively disappeared. This suggests either a cessation or significant contraction of business activity or possibly an error in filing. Given the minimal financial substance, the company lacks capacity to service any credit facility or absorb financial stress.

2. Financial Strength:
   The company is classified as a micro-entity and has only one employee (the director). Fixed assets and current assets have declined sharply from £10,167 total assets in 2023 to virtually nil in 2024. Current liabilities remain zero, which may reflect minimal trading or business activity. The collapse in net assets from £5,856 to £1 points to severe erosion of equity or reporting anomalies. No long-term liabilities or provisions are recorded. Overall, the balance sheet is extremely weak with no cushion for creditor protection.

3. Cash Flow Assessment:
   Current assets fell from £9,661 to zero, indicating no cash, receivables, or inventory reported at the latest year-end. No creditors or accruals are recorded either, which may imply no ongoing business transactions or liabilities. The absence of working capital means the company cannot meet short-term obligations or finance operations without external capital injection. Cash flow visibility is poor, and liquidity risk is very high.

4. Monitoring Points:

• Confirm the accuracy of the 2024 accounts filing, as the drastic reduction in assets is unusual and may be a reporting error.
• Monitor cash flow statements or supplementary financial information if available to assess operating cash generation or financing.
• Track director actions and any changes in business strategy or capital structure that may improve financial stability.
• Watch for any late filings or defaults on statutory obligations indicating operational distress.
• Assess any external funding or guarantees that could support liquidity.