Company Number: 13466308

Analysis Date: 2025-07-29 12:10 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   TEAM UP MULTISPORTS LTD demonstrates a small-scale operation with limited turnover (£17k in FY24) and net assets (£9.4k). The company remains active with no overdue filings and no current liabilities, indicating compliance and no immediate financial distress. However, turnover has declined significantly from £25.8k in FY23 to £17.3k in FY24, signaling a negative revenue trend. Profitability is maintained but at a lower level, with net profits of £8.2k in FY24. Given the micro size and volatility in revenue, credit exposure should be limited and conditional on monitoring future trading performance and cash flow stability.

2. Financial Strength:
   The balance sheet is modest but healthy for its size, showing positive net assets of £9,425 and no debt. Fixed assets have decreased substantially from £4,922 in FY23 to £1,204 in FY24, possibly indicating asset disposals or write-downs. Current assets exceed current liabilities comfortably, yielding a strong net current asset position of £8,221. Shareholders’ funds align with net assets, confirming equity backing. The company operates with minimal leverage and maintains a clean balance sheet, which supports financial resilience despite limited scale.

3. Cash Flow Assessment:
   Current assets mainly comprise cash or equivalents given the absence of creditors or accruals, indicating good liquidity and working capital management. The absence of current liabilities means no imminent short-term obligations, reducing liquidity risk. However, the decline in turnover and profit suggests cash inflows may be tightening, warranting caution. The company’s cash flow position should be closely monitored to ensure it can sustain operations and service any potential credit facility without external funding.

4. Monitoring Points:

• Revenue and profitability trends: Watch for stabilization or improvement in turnover and margins.
• Cash flow sufficiency: Ensure ongoing liquidity to cover operational costs.
• Asset base changes: Investigate reasons for fixed asset reduction and any impact on business operations.
• Director and ownership stability: Benjamin Clayton Andrew controls 100% shareholding and serves as sole director; any changes here could materially affect governance and credit risk.
• Market environment: As a sports club activity, external factors such as seasonality, health restrictions, or competitor dynamics may impact future financials.