SSN CARE SOLUTIONS LIMITED

Executive Summary

SSN Care Solutions Limited exhibits persistent negative equity and working capital deficits, reflecting weak financial strength and liquidity challenges in its early years. Without evidence of sustained profitability or capital support, the company poses a high credit risk. Credit facilities should be declined unless secured by strong personal guarantees or collateral, and ongoing financial performance must be closely monitored.

SSN CARE SOLUTIONS LIMITED - Analysis Report

Company Number: 14406551

Analysis Date: 2025-07-20 15:59 UTC

1. Credit Opinion: DECLINE
   SSN Care Solutions Limited is a micro-entity operating in the cleaning services sector, active since late 2022. The company shows persistent net liabilities and negative net current assets over its first two years of operation, indicating ongoing working capital shortages. With shareholders’ funds negative at £700 as of 31 October 2024, the company is undercapitalized and has insufficient buffer to absorb financial shocks or support growth. The directors’ occupations suggest limited direct experience in financial management, and no audit or profit and loss details were filed, restricting insight into operational performance. The combination of negative equity, liquidity strain, and limited financial transparency presents a high credit risk, making credit approval unsuitable without significant additional security or guarantees.

2. Financial Strength:
   The balance sheet reveals fixed assets of only £1,125 and current liabilities of £9,737, exceeding current assets of £8,454, resulting in net current liabilities of -£1,164. Total net liabilities stand at £700, a material improvement from the previous year’s -£1,774 but still negative. The company’s net assets have improved but remain in deficit, reflecting accumulated losses and insufficient capital injection. This poor financial footing suggests an inability to meet medium to long-term obligations from asset liquidation if required, highlighting weak solvency.

3. Cash Flow Assessment:
   Current liabilities consistently exceed current assets, indicating liquidity pressure and potential difficulties in meeting short-term obligations without external support. The slight improvement in net current liabilities from -£2,794 to -£1,164 is positive but still signals tight working capital management. Absence of detailed cash flow or profit and loss data prevents precise assessment of operational cash generation, but negative working capital and net liabilities imply reliance on external funding or director loans to sustain operations.

4. Monitoring Points:

• Track changes in net current assets to assess improvements in liquidity.
• Monitor capital injections or restructuring efforts to address negative equity.
• Review any filed profit and loss accounts when available to evaluate operational profitability.
• Watch director conduct and credit history for potential risks given their key control and operational roles.
• Evaluate any changes in creditors’ terms or supplier payment patterns for stress signals.