THAT MATTERED LIMITED

Executive Summary

That Mattered Limited is a micro private limited company with persistent negative equity and net current liabilities driven primarily by director loans. The company currently lacks financial strength and liquidity to support credit facilities. Without clear improvement in cash flow or capital structure, the credit risk remains high, leading to a decline recommendation for new lending.

THAT MATTERED LIMITED - Analysis Report

Company Number: 14121407

Analysis Date: 2025-07-29 14:15 UTC

1. Credit Opinion: DECLINE
   That Mattered Limited shows persistent negative net assets and net current liabilities over the last three financial years, indicating undercapitalization and weak balance sheet strength. The company’s liabilities exceed its assets, primarily driven by a director’s loan account that remains unpaid. The absence of significant fixed assets and minimal equity capital raises concerns about the company’s ability to meet its short-term obligations. Given this financial position and no indication of profitability or cash inflow improvements, the company is not currently creditworthy for new financing.

2. Financial Strength:
   The balance sheet reveals a net liability position of £156 at the 2024 year-end, worsening slightly from £69 the previous year. Current liabilities exceed current assets by over £3,100, primarily due to a director’s loan, which suggests reliance on shareholder funding rather than operational cash generation. Tangible fixed assets are minimal and unchanged at £3,000, offering little security for lenders. The company’s equity remains negative, indicating accumulated losses and no retained earnings to support financial resilience.

3. Cash Flow Assessment:
   The company’s negative net current assets position implies potential liquidity difficulties in meeting immediate liabilities. The director’s loan account is the major creditor, suggesting that cash resources are limited and operational cash generation is insufficient. There is no evidence of external debt or trade creditor pressure beyond nominal trade creditors. The company’s small scale and absence of employees beyond the director mean working capital cycle is likely minimal but constrained.

4. Monitoring Points:

• Progress toward eliminating negative equity and improving net current assets.
• Turnaround in operational cash flows and reduction in reliance on director’s loans.
• Timely filing of annual returns and accounts to ensure ongoing compliance and transparency.
• Any significant changes in business activity or capital injections that improve financial robustness.