STARBOARD 77 LTD

Executive Summary

STARBOARD 77 LTD is an early-stage micro-entity with negative equity and weak liquidity, reflecting a precarious financial position. The company’s substantial long-term liabilities and minimal current assets indicate limited capacity to service debt or sustain operations without external support. Given the lack of trading history and negative working capital, credit approval is not advisable at this time.

STARBOARD 77 LTD - Analysis Report

Company Number: 15054653

Analysis Date: 2025-07-20 12:51 UTC

1. Credit Opinion: DECLINE
   The company is in its first full year of operation with limited trading history and minimal current assets. The balance sheet shows significant long-term liabilities (£169,908) exceeding total assets, resulting in negative net assets (-£3,654). Current liabilities are low but the company’s working capital is negative (£-2,998). Such a capital structure indicates weak financial resilience and a high risk of cash flow difficulties. Without a proven track record of profitability or cash generation, approving credit facilities is not recommended at this stage.

2. Financial Strength:
   STARBOARD 77 LTD holds fixed assets valued at £170,000 but has negligible current assets (£2) and current liabilities of £3,000, resulting in a negative net current asset position. The large creditor balance due after more than one year (£169,908) and provisions (£750) further outweigh assets, leading to negative shareholders’ funds. The micro-entity classification and zero employees confirm a very small operational scale. Overall, the balance sheet is weak with negative equity, signaling financial vulnerability.

3. Cash Flow Assessment:
   Current assets of £2 against current liabilities of £3,000 demonstrate poor liquidity. The company’s negative working capital suggests it may struggle to meet short-term obligations without additional financing. No employees or trading results reported imply no operating cash inflows yet. The absence of significant cash or receivables raises concerns about the company's ability to generate sufficient cash flow to service debts or support ongoing operations.

4. Monitoring Points:

• Improvement in net current assets and liquidity ratios
• Reduction of long-term debt or increase in equity funding
• Evidence of operational revenue and positive cash flows from activities
• Timely filing of future accounts and confirmation statements
• Changes in director appointments or PSC control that affect governance or ownership