PERFORMANCE BLINDS & CANOPIES LIMITED

Executive Summary

Performance Blinds & Canopies Limited is currently financially weak with a deteriorating balance sheet marked by negative net assets and significant working capital deficits. The company’s liquidity position is strained, raising concerns about its ability to meet short-term obligations and service debt. Without evidence of improved financial management or capital support, the credit risk is elevated, leading to a recommendation to decline credit facilities at this time.

PERFORMANCE BLINDS & CANOPIES LIMITED - Analysis Report

Company Number: 13302665

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

1. Credit Opinion: DECLINE
   Performance Blinds & Canopies Limited shows a fragile financial position with persistent net current liabilities and an increasing net deficit in shareholder funds. The most recent accounts reveal net liabilities of £4,795 compared to net assets of £83 the prior year, indicating deteriorating financial health. The company’s inability to maintain positive working capital and net assets undermines its capacity to service debt or absorb financial shocks. Additionally, the business is micro-sized with only two employees and limited fixed assets, restricting operational scale and resilience. Given the elevated liquidity risk and negative equity, extending credit facilities without significant mitigating factors or substantial guarantees is not advisable.

2. Financial Strength: Weak
   The company’s balance sheet shows very low fixed assets (£2,110) and shrinking current assets (£2,640), against relatively high current liabilities (£9,545) at the last reporting date. The working capital deficit has widened from £2,281 negative in 2024 to £6,905 negative in 2025. Shareholders’ funds have swung from a modest positive £83 to a negative £4,795, reflecting accumulated losses or increased liabilities. The micro-entity status suggests limited operational scale and thin capitalisation, which is a credit concern.

3. Cash Flow Assessment: Insufficient Liquidity
   Current assets, likely including cash and receivables, are insufficient to cover short-term obligations. The negative net current assets position signals that the company may face challenges meeting immediate liabilities without additional funding or asset sales. Director loans appear minimal and have been repaid in full during the period, indicating no ongoing internal financial support. The absence of audit and reliance on micro-entity accounting provisions limit insight into cash flow quality, but the available data highlight liquidity stress.

4. Monitoring Points:

• Track cash and receivables turnover trends to assess short-term liquidity improvements or further deterioration.
• Monitor any changes in current liabilities to ensure no sudden increases in short-term debt.
• Review any new director loans or capital injections that could strengthen liquidity and net assets.
• Watch for timely account filings and any management commentary on business strategy or risk mitigation.