PASCAL TAMBURRINO LIMITED

Executive Summary

Pascal Tamburrino Limited’s financials show a marked decline in liquidity and solvency within two years of operation, with net liabilities replacing previously positive net assets. The company currently poses elevated credit risk due to negative working capital and shareholder funds, suggesting it cannot reliably service new debt without remediation. Credit facilities should be declined or made conditional on significant risk mitigants.

PASCAL TAMBURRINO LIMITED - Analysis Report

Company Number: 14151594

Analysis Date: 2025-07-29 14:05 UTC

1. Credit Opinion: DECLINE
   Pascal Tamburrino Limited shows a significant deterioration in financial position over the last year, moving from positive net assets of £6,497 in 2023 to net liabilities of £15,069 in 2024. The company’s net current assets have worsened from £9,281 to a negative £11,586, indicating potential liquidity issues. Given the short trading history since incorporation in 2022 and the negative equity, the company currently lacks sufficient financial strength to support new credit facilities without additional security or guarantees.

2. Financial Strength:
   The balance sheet reveals a negative net asset position as of 30 June 2024. Total current assets declined by over 40% from the previous year, while current liabilities increased by approximately 38%. The company’s net current liabilities and overall net liabilities suggest erosion of capital and potential funding pressures. The absence of long-term assets or equity buffers and the negative shareholders’ funds highlight weak financial resilience.

3. Cash Flow Assessment:
   Working capital is negative, with current liabilities exceeding current assets by £11,586. This indicates potential short-term cash flow constraints and challenges in meeting immediate obligations. The increase in accruals and deferred income further suggests obligations that may require cash outflows. The limited available cash or liquid assets heightens risk of payment delays or default under financial stress.

4. Monitoring Points:

• Liquidity ratios (current ratio, quick ratio) on a quarterly basis to detect changes in short-term payment capacity.
• Profit and loss performance once available, to assess operational cash generation trends.
• Monitoring creditor payment terms and any overdue trade payables.
• Management actions to restore equity and improve working capital, including capital injections or debt restructuring.
• Ongoing compliance with filing deadlines to avoid regulatory penalties.