SAFELY HELD SPACES

Executive Summary

Safely Held Spaces is an early-stage, non-trading entity with no net assets and cash coverage only sufficient to meet immediate liabilities. The company is currently dependent on director donations for funding and lacks operational cash flow, making it unsuitable for credit facilities at this time. Close monitoring of future financial performance and liquidity is recommended before reconsidering credit exposure.

SAFELY HELD SPACES - Analysis Report

Company Number: 14029649

Analysis Date: 2025-07-20 17:09 UTC

1. Credit Opinion: DECLINE
   Safely Held Spaces is a newly incorporated private company limited by guarantee with no share capital and no employees. The latest financials show a break-even position with zero net assets and net current assets, indicating no financial buffer. The company’s current liabilities match its cash balance exactly (£4,906), leaving no liquidity for ongoing operations or debt servicing. The absence of profit and loss data, minimal trading activity, and reliance on director donations (£103,800) for funds suggest limited operational cash flow generation. Given these factors and the absence of a proven trading track record, the company is not currently in a position to support credit facilities.

2. Financial Strength:
   The balance sheet as of 31 March 2023 shows:

• Cash at bank: £4,906
• Current liabilities: £4,906 (mainly other creditors and accruals)
• Net current assets and net assets: £0
• No fixed assets or shareholder equity
  The company’s financial position is very weak with no tangible net worth or working capital. The entity is effectively operating at break-even with no retained earnings or reserves, which reflects a start-up phase without established financial resilience.

3. Cash Flow Assessment:
   Liquidity is minimal with cash exactly offsetting current liabilities. There is no evidence of positive operating cash flow, and no employees indicate limited business activity. The company has relied on director donations to fund operations, which is not a sustainable or reliable source of cash for ongoing commitments. The lack of trading income and reliance on external funding from directors raise concerns on the ability to meet payment obligations without additional capital injections.

4. Monitoring Points:

• Future trading results and profitability to establish self-sustaining cash flow
• Changes in current liabilities and cash balances to detect liquidity trends
• Confirmation of any new funding sources or capital contributions beyond director donations
• Filing of subsequent accounts and confirmation statements on time
• Any changes in company structure or business model that may impact financial stability