SERVED TECHNOLOGIES LIMITED

Executive Summary

Served Technologies Limited is a start-up software development company with limited trading history and a negative equity position. Its current financials indicate insufficient capacity to service credit obligations, with negative working capital and minimal asset backing. Given these factors, credit approval is not recommended at this time; close monitoring of financial performance and cash flow development is essential for future reassessment.

SERVED TECHNOLOGIES LIMITED - Analysis Report

Company Number: 15168512

Analysis Date: 2025-07-20 18:05 UTC

1. Credit Opinion: DECLINE
   Served Technologies Limited is a recently incorporated private limited company with a current financial position showing net current liabilities of £15,938 and negative shareholders' funds of the same amount. The company has minimal operating history (just over one year), limited assets primarily held as cash (£90,164), and a small debtor balance (£280). The absence of profitability data and negative equity indicate that the business is currently not generating sufficient returns to support debt repayment. Given these factors, the company does not demonstrate an ability to service credit obligations at this stage, making approval for credit facilities unsuitable.

2. Financial Strength:
   The balance sheet reflects a weak financial position with net current liabilities of £15,938 and shareholders’ funds in deficit. The company’s capital structure is minimal with only £1 in called-up share capital and accumulated losses reflected in retained earnings. Being in the early growth phase with only two employees, the company has yet to build meaningful asset base or equity buffer. This weak equity base and negative net working capital pose significant risk for lenders.

3. Cash Flow Assessment:
   Cash holdings of £90,164 provide some immediate liquidity support; however, current liabilities of £106,382 exceed current assets, resulting in negative working capital. The company’s cash will need to be carefully managed to cover operating expenses and liabilities due within the year. The absence of a profit and loss account restricts assessment of cash flow from operations, but the negative net current assets suggest that cash burn may be occurring. There is limited evidence of stable or positive cash flow generation.

4. Monitoring Points:

• Progress in building positive net assets and shareholders’ equity
• Development of sustainable cash flow from operating activities
• Timely settlement of current liabilities and creditor management
• Growth in revenues and profitability to support credit facilities
• Ongoing compliance with filing deadlines to maintain good legal standing
• Director conduct and management strategies for financial control