Company Number: SO307628

Analysis Date: 2025-07-07 22:47 UTC

Credit Opinion:
DECLINE. Science Creates Ventures 2 GP LLP shows a net liability position of £66,258 as of its latest accounts dated 31 March 2024. The company has no recorded current assets and only current liabilities of £66,258, indicating a lack of liquidity and negative working capital. There is no evidence of revenue, profit, or cash flow generation, with zero employees reported and no profit and loss data filed. The LLP is relatively new (incorporated September 2022), and the accounts do not provide any indication of operational activity or financial improvement. This financial position suggests a poor ability to meet its short-term obligations and service any credit facility.

Financial Strength:
The balance sheet is weak, reflecting negative net assets of £66,258 entirely attributable to current liabilities, with no reported assets to offset these liabilities. There are no fixed or current assets to support operations or collateralize credit. Absence of shareholders’ equity (members’ interests) further undermines the capital base. The company thus lacks financial resilience and appears undercapitalized.

Cash Flow Assessment:
No cash or current assets are disclosed, and the company has negative working capital equal to its current liabilities, indicating an inability to cover short-term debts from available liquid resources. The absence of profit and loss details and zero employees suggests no ongoing revenue-generating operations, implying no internal cash flow to support debt service. This creates significant liquidity risk.

Monitoring Points:

• Future filing of profit and loss accounts to assess operational activity and cash flow generation.
• Changes in current liabilities and any acquisition of current assets or cash balances.
• Introduction of capital or equity funding to improve net asset position.
• Evidence of revenue or contract wins indicating business development.
• Timely filing of annual accounts and confirmation statements to monitor compliance.