Company Number: 14563474

Analysis Date: 2025-07-29 16:56 UTC

1. Credit Opinion: DECLINE
   PC36 Ltd currently shows a negative net asset position of £13,406, indicating that liabilities exceed assets with no working capital buffer. The company is newly incorporated (December 2022) and classified as micro entity, with no employees and minimal current assets (£15,843) versus current liabilities (£29,249). There is no evidence of profitability or cash generation yet, and the sole director and shareholder holds full control. The negative equity and net current liability position raise concerns about the company’s ability to service debt or meet short-term financial obligations reliably. Without positive cash flows or capital injection, extending credit would be high risk.

2. Financial Strength: Weak
   The balance sheet reflects a weak financial position with net liabilities of £13,406. The company’s total assets are entirely current assets, with no fixed assets reported, and current liabilities nearly double current assets. Shareholders funds are negative, indicating accumulated losses or start-up costs not yet offset by earnings. As a micro entity, limited financial history is available, but the absence of any reserves or equity buffer is a concern for solvency.

3. Cash Flow Assessment: Insufficient Liquidity
   Current liabilities of £29,249 against current assets of £15,843 mean the company has a negative working capital of £13,406. This suggests potential liquidity constraints and risk of inability to meet short-term liabilities as they fall due. The accounts note zero employees and exemption from audit, implying limited business activity to generate cash. Without additional financing or improved operational cash inflows, liquidity risks remain elevated.

4. Monitoring Points:

• Improvement in net current assets and equity position in future filings
• Generation of positive operational cash flows or capital injections
• Timely filing of annual accounts and confirmation statements to track financial trends
• Any changes in director or ownership structure that may impact governance or financial support
• Payment performance on trade or financial obligations if credit extended