Company Number: 13539410

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

1. Credit Opinion: DECLINE
   The Mindfulness Project exhibits weak financial health characterized by persistent net current liabilities and negative shareholders’ funds over multiple years. As a micro-entity with no employees and classified as a non-trading company, its ability to generate revenue and service debt is doubtful. The absence of trading activity or significant assets reduces confidence in repayment capacity. Without evidence of operational cash flows or profitability, extending credit poses a high risk.

2. Financial Strength:
   The balance sheet shows ongoing net current liabilities, growing from -£540 in 2021 to -£2,389 in 2024. Shareholders’ funds remain negative at -£2,389, indicating accumulated losses or deficits with no equity buffer. Current liabilities consistently exceed current assets, signaling liquidity stress. The company has no fixed assets or long-term investments disclosed, limiting collateral value. Overall financial position is fragile and deteriorating.

3. Cash Flow Assessment:
   Current assets are minimal (£5,197 in 2024) and primarily likely to be cash or equivalents, with current liabilities (£7,586) higher, resulting in negative working capital. The company reports no employees, implying no payroll obligations but likely limited operational activity or revenue streams. The absence of an audit and limited disclosures restrict visibility into cash inflows. Cash flow generation appears insufficient to meet short-term liabilities, raising liquidity concerns.

4. Monitoring Points:

• Monitor future filings for any improvement in net current assets and shareholders’ funds.
• Watch for evidence of operational revenue or cash inflows that could support debt servicing.
• Track any changes in company status or director appointments that might indicate restructuring or turnaround efforts.
• Observe if the company moves out of non-trading status and begins generating sustainable income.