OVERR LTD

Executive Summary

OVERR LTD is an early-stage micro-entity with negative equity primarily due to significant long-term liabilities. The company’s financial position signals weak capital structure and limited operational scale, raising concerns about its ability to service debt. Credit facilities are not recommended until there is evidence of improved net assets and sustainable cash flow generation.

OVERR LTD - Analysis Report

Company Number: 14060603

Analysis Date: 2025-07-29 13:56 UTC

1. Credit Opinion: DECLINE
   OVERR LTD exhibits a negative net asset position of £10,574 as of the latest financial year end (April 2024) primarily due to significant long-term creditors of £31,697. The company is a micro-entity with no employees aside from the director and has a short trading history (incorporated in 2022). The negative equity and reliance on creditor funding raise concerns over its ability to meet debt obligations and sustain operations without additional capital injection. Given the weak financial position and lack of profitability or cash generation data, the risk of non-repayment is high.

2. Financial Strength:
   The balance sheet shows minimal fixed assets (£625) and current assets of £20,497, which are insufficient to cover long-term liabilities of £31,697, resulting in net liabilities of £10,574. The company’s net current assets are positive (£20,498), but this is offset by sizeable amounts due after one year. The negative shareholders’ funds indicate accumulated losses or funding shortfalls. The absence of employees and limited operational scale suggest the company is either pre-revenue or in early development, limiting financial resilience.

3. Cash Flow Assessment:
   Current liabilities due within one year are minimal (£1), indicating short-term liquidity is not immediately strained. However, the large creditor balance falling due after more than one year signals reliance on long-term debt or deferred payments. Without detailed cash flow statements, the working capital appears adequate in the short term but the overall cash flow sustainability is questionable given the net liabilities and lack of operational scale.

4. Monitoring Points:

• Improvement or deterioration in net asset position in upcoming financial years.
• Changes in creditor balances, particularly long-term liabilities.
• Evidence of revenue growth or operational scaling beyond current micro-entity status.
• Director’s ability to inject further capital or secure financing.
• Timely filing of accounts and confirmation statements indicating ongoing compliance and management oversight.