PLAN MY EVENT LIMITED

Executive Summary

Plan My Event Limited demonstrates adequate liquidity and positive net assets but has experienced a recent decline in financial strength, including the write-off of fixed assets and reduced current assets. The company is small, with a single director/shareholder, and shows no signs of financial distress but requires cautious credit exposure with ongoing monitoring. Overall, the business is viable for limited credit facilities with prudent oversight.

PLAN MY EVENT LIMITED - Analysis Report

Company Number: 13804246

Analysis Date: 2025-07-29 20:59 UTC

1. Credit Opinion: APPROVE with caution. Plan My Event Limited is a micro private limited company with a short trading history since incorporation in December 2021. The company shows positive net assets and net current assets over the last three years but a decline in net assets in 2024 compared to prior years. The current liabilities are low, and liquidity appears adequate, but the reduction in fixed assets to zero in 2024 and the decline in net assets from £7,463 in 2023 to £4,523 in 2024 indicates some erosion of financial strength. The single director and sole shareholder controls the business fully, suggesting stable management but with limited diversification of control or oversight. Given the small scale and limited financial history, credit facilities should be modest and structured with regular reviews.

2. Financial Strength: The company’s balance sheet shows total net assets of £4,523 as at 31 December 2024, down from £7,463 the previous year. The company’s fixed assets were £289 in 2023 but were written down to zero in 2024, resulting in a lower overall asset base. Current assets have decreased from £11,927 in 2023 to £5,319 in 2024, while current liabilities have fallen substantially from £4,003 to £46, improving net current assets to £5,273. The company maintains positive shareholders' funds, but the decline in net assets and current assets suggests some weakening of financial strength. The company remains solvent with no indication of overdue payables or liabilities.

3. Cash Flow Assessment: The company’s working capital position remains positive with net current assets of £5,273 as of 2024 year-end. The very low current liabilities (£46) relative to current assets (£5,319) indicate strong short-term liquidity. However, the significant drop in current assets year over year suggests either lower cash balances or reduced receivables/inventory, which could impact operational cash flow if the trend continues. The company employs only one person (the director), keeping overheads low. There is no disclosure of profit and loss figures, so a full cash flow analysis is limited, but the available data indicates manageable liquidity risk at present.

4. Monitoring Points:

• Continued monitoring of net asset trends is critical, especially if the decline in financial strength persists.
• Watch for any changes in current assets and liabilities to ensure liquidity remains healthy.
• Assess profitability and cash generation once profit and loss data becomes available to confirm sustainable operations.
• Monitor director-related risks given sole control and management.
• Review timely filing of accounts and confirmation statements to ensure compliance and transparency.