Company Number: 14023303

Analysis Date: 2025-07-29 16:05 UTC

1. Credit Opinion: DECLINE
   SCULPTAMOUR LTD presents significant credit risk. The company shows persistent and substantial net liabilities (negative net assets of £52,706 as of April 2024) indicating an insolvent balance sheet position. The current liabilities (£56,573) far exceed current assets (£341), suggesting poor short-term liquidity and inability to meet obligations as they fall due. The absence of employees and minimal asset base further indicate limited operational capacity and revenue generation potential. Without evidence of external financial support or a clear turnaround plan, the risk of default on any credit facility is high.

2. Financial Strength:
   The balance sheet reflects weak financial health. Fixed assets are minimal (£4,381) and have declined from the prior year (£5,954). Current assets are negligible (£341) and unchanged, while current liabilities have increased from £48,305 to £56,573, worsening working capital. The company’s net liabilities have worsened by approximately £10,000 year-on-year, reflecting accumulated losses or shareholder loans not covered by assets. Negative shareholders' funds highlight the company’s reliance on creditor financing or director loans, which is unsustainable in absence of profitable trading.

3. Cash Flow Assessment:
   The company holds very limited current assets relative to current liabilities, indicating poor liquidity and a negative working capital position. With no employees and minimal asset turnover, operational cash generation is unlikely. The accounts do not disclose cash or bank balances separately, but the current asset figure is very low, suggesting constrained cash availability. This raises concerns about the company’s ability to service short-term debts and ongoing expenses. The lack of audit and limited disclosures reduce transparency on cash flow status.

4. Monitoring Points:

• Monitor for any improvements in net current assets and reduction of creditors.
• Track changes in shareholder funds and whether external capital injections occur.
• Watch for filing of subsequent accounts to assess whether losses continue or profitability emerges.
• Observe director actions regarding debt restructuring or capital infusion to stabilize finances.
• Keep alert for any director or creditor insolvency actions as negative net assets persist.