SCRIPT HAVEN LTD

Executive Summary

Script Haven Ltd is currently in poor financial health, with significant negative net assets and inadequate liquidity to cover short-term liabilities, reflecting an inability to meet debt obligations. The company’s financial trajectory is declining, and without corrective measures or capital support, it represents a high credit risk. Credit facilities are not recommended at this time due to weak financial strength and cash flow constraints.

SCRIPT HAVEN LTD - Analysis Report

Company Number: 14507395

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

1. Credit Opinion: DECLINE
   Script Haven Ltd exhibits a significant and worsening negative net asset position (£-40,027 as of 2024) and negative working capital, indicating insufficient short-term liquidity to meet current liabilities (£40,656). The company has been operational since late 2022 but has shown a steep decline in financial health over two years, with net assets deteriorating from positive in 2022 to deeply negative in 2024. This financial trajectory suggests poor ability to service debt or absorb financial shocks. Without substantial capital injection or turnaround plans, credit exposure is high risk.

2. Financial Strength:
   The balance sheet reveals a fragile financial structure with total net liabilities exceeding £40,000 at the latest year-end. Current liabilities exceed current assets by a large margin, indicating working capital deficiency. There is no indication of fixed assets or tangible collateral. Negative shareholders’ funds reveal accumulated losses or withdrawals exceeding initial capital. The micro-entity status limits detailed financial disclosure, but the available data points to weak equity and financial instability.

3. Cash Flow Assessment:
   Current assets consist primarily of minimal cash or receivables (£630), while current liabilities are significantly greater, suggesting liquidity stress. The company’s inability to cover short-term obligations with liquid assets raises concerns about meeting immediate payment commitments, including supplier invoices and any debt servicing. No evidence of positive operating cash flow or reserves is present. The consistent presence of 2 employees implies ongoing payroll obligations that must be funded.

4. Monitoring Points:

• Quarterly cash flow and liquidity position to detect further deterioration or improvement.
• Any capital injections or shareholder loans that may strengthen equity and working capital.
• Management’s plans for revenue growth or cost control to improve profitability and cash flow.
• Payment behavior to suppliers and creditors to assess risk of defaults or late payments.
• Director’s conduct and any related-party transactions given significant control held by one director.