Company Number: 12949669

Analysis Date: 2025-07-29 14:27 UTC

1. Credit Opinion: DECLINE
   RJG Group Ltd’s financial position raises significant credit concerns. The company has reported consistent net liabilities over the last three years, deteriorating from net assets of £3,480 in 2021 to net liabilities of £9,190 in 2024. Negative net current assets and net liabilities indicate a weak balance sheet and insufficient financial buffer to meet short-term obligations. The absence of employees and the small scale of operations (micro entity) further limit business resilience. Without evidence of positive cash flows or profitability, the risk of default on credit facilities is high.

2. Financial Strength:
   The company’s balance sheet shows a progressively worsening position. Fixed assets have been fully impaired or disposed of by 2024 (now £0). Current assets are negative, which likely reflects accounting adjustments such as accrued liabilities or intercompany balances, and current liabilities exceed current assets by £9,190. Shareholders’ funds are negative, reflecting accumulated losses. This financial weakness suggests the company is reliant on external funding or shareholder support to continue operations.

3. Cash Flow Assessment:
   No direct cash flow data is available, but the negative working capital and net liabilities imply liquidity constraints. The company has no employees, likely indicating minimal operational activity or outsourcing. The ongoing negative net current assets suggest difficulty in meeting short-term liabilities from available liquid resources. This raises concerns about the company’s ability to service debt or finance new credit lines without additional capital injections.

4. Monitoring Points:

• Monitor upcoming filings and any changes in net current assets or net liabilities.
• Watch for any improvement in fixed or current assets indicating capital investment or operational growth.
• Review director actions or shareholder funding that may stabilize liquidity.
• Assess any change in business activity or employment that could signal operational expansion or contraction.
• Track any overdue payment behavior or changes in credit terms with suppliers.