Company Number: 13786620

Analysis Date: 2025-07-20 16:48 UTC

1. Credit Opinion: DECLINE
   Righetti Group Ltd exhibits a weak financial position with persistent negative net assets and current liabilities exceeding current assets significantly. The company is a micro-entity engaged in development of building projects but has no employees and no evidence of revenue or profitability. The net current liabilities increased from £54,956 in 2022 to £80,321 in 2023, indicating worsening liquidity. Shareholders’ funds are deeply negative (£-26,031 in 2023), reflecting accumulated losses or capital deficits. Without a clear plan for financial recovery or operational income, the risk of default on credit obligations is high.

2. Financial Strength:
   The balance sheet shows fixed assets of £54,290 unchanged over three years, but current liabilities rose from £54,956 to £80,321. Net current liabilities are significantly negative, showing poor working capital management. Total assets less current liabilities are negative (£-26,031), indicating insolvency on a balance sheet basis. The company has no reported employees and no evidence of profitability or positive cash flow. The micro-entity status and lack of audit reduce transparency.

3. Cash Flow Assessment:
   No cash or current assets are reported to offset the current liabilities, implying liquidity constraints. The company’s inability to generate or maintain positive working capital suggests poor cash flow from operations. Negative working capital and no reported employees raise concerns about the company’s ability to meet short-term obligations. No disclosures indicate external financing or cash reserves.

4. Monitoring Points:

• Monitor future filings for improvement in net current assets and positive shareholder equity.
• Watch for any material changes in current liabilities and whether fixed assets are impaired or disposed.
• Review operational updates or revenue generation as the company develops building projects.
• Track directors’ conduct and any related-party transactions given all directors are family members with significant control.
• Confirm timely submission of accounts and returns to detect any signs of distress.