Company Number: 13106375

Analysis Date: 2025-07-20 11:54 UTC

1. Credit Opinion: DECLINE

SUPER PLANET LTD exhibits ongoing negative net asset value (£-20,872 as at 31 Dec 2023) and consistent net liabilities over the last four years, indicating accumulated losses and financial distress. Although there is some improvement in net current assets in 2023 (£9,306 positive vs negative in prior years), the overall balance sheet remains weak due to long-term creditors exceeding assets. The company operates in a highly competitive retail market via stalls and markets, which may be vulnerable to economic fluctuations. The small scale of operations (micro-entity, only 3 employees) limits financial resilience. Management continuity is moderately stable, but no evidence of turnaround or profitability is visible in the accounts. Given negative equity and limited fixed asset base, the company is unlikely to have sufficient collateral or stable cash flows to service new debt or credit facilities.

2. Financial Strength:

• Net Assets have remained negative for four consecutive years, ranging from £-25,860 in 2020 to £-20,872 in 2023, showing minimal improvement.
• Fixed assets are minimal (£4,506 in 2023) and declining.
• Current assets have declined from £50,155 in 2022 to £35,187 in 2023.
• Current liabilities decreased significantly from £78,074 in 2022 to £39,141 in 2023, improving net current assets to positive.
• However, there remains significant long-term creditors (£34,684 in 2023), worsening total liabilities.
• Shareholders’ funds are negative, reflecting accumulated losses and insufficient capital injection.
• The company’s micro-entity status and limited share capital (£100) indicate limited financial buffer.

3. Cash Flow Assessment:

• Cash balances are not explicitly provided for 2023, but prior year cash was low (£4,942 in 2022).
• Positive net current assets in 2023 (£9,306) suggest improved short-term liquidity.
• However, the negative net asset base and significant creditor balances imply potential cash flow pressures.
• The company’s small size and reliance on retail sales via stalls could result in volatile cash flows.
• Working capital appears improved versus prior years but remains modest relative to liabilities.

4. Monitoring Points:

• Track net asset position and attempts to reduce accumulated losses.
• Monitor creditor payment terms and any restructuring of long-term debt.
• Watch cash flow trends, especially cash balances and debtor collection.
• Observe management actions to improve profitability and operational scale.
• Review any new capital injections or equity restructuring.
• Assess impact of market conditions on retail sales via stalls and markets.