Company Number: 13640263

Analysis Date: 2025-07-29 13:24 UTC

1. Credit Opinion: DECLINE
   Projectonomy Limited demonstrates very limited financial strength and cash resources with net assets of only £288 as of the latest year-end. The company’s net current assets are marginal at £288, indicating minimal working capital buffer. The absence of fixed assets and a declining net asset base from £1,007 to £288 suggests erosion of financial stability over the past year. The business is a micro-entity with one employee and no audit, limiting transparency. The low equity base and tight liquidity position raise concerns about its ability to service debt or absorb financial shocks. Without substantial improvement or external support, extending credit would carry high risk.

2. Financial Strength:
   The balance sheet shows the company is a micro-sized consultancy with negligible fixed assets (£0 in 2024) and current assets just covering current liabilities (£17.55k vs £17.26k). Net assets have significantly decreased from £1,007 in 2023 to £288 in 2024, reflecting either losses or withdrawals. Shareholders’ funds mirror net assets, confirming very limited equity funding. The company’s financial position is fragile, with no tangible asset base or retained earnings to strengthen solvency.

3. Cash Flow Assessment:
   Working capital is positive but very tight, with only £288 net current assets, implying limited liquidity cushion. Current liabilities are almost equal to current assets, indicating that cash inflows must be carefully managed to meet short-term obligations. The lack of fixed assets suggests little capital expenditure but also no asset base for collateral. The company’s micro category and one-employee size likely mean modest cash generation, but the trend points to financial strain. Cash flow volatility could easily lead to liquidity issues.

4. Monitoring Points:

• Net assets and working capital trends to detect further erosion or improvement
• Timely filing of accounts and confirmation statements to maintain compliance
• Profitability measures and cash flow statements (if available) for operational sustainability
• Any changes in shareholding or capital injections to bolster financial base
• Director conduct and related party transactions given the close PSC structure