THE PUBLIC PLATFORM LTD

Executive Summary

The Public Platform Ltd exhibits weak financial health characterized by consistent negative working capital and minimal equity. The company’s current financial position indicates limited capacity to service debt or absorb shocks, warranting a credit decline at this stage. Close monitoring of liquidity improvements and operational cash flows is essential before reconsidering credit exposure.

THE PUBLIC PLATFORM LTD - Analysis Report

Company Number: 13392576

Analysis Date: 2025-07-29 12:08 UTC

1. Credit Opinion: DECLINE
   The Public Platform Ltd shows significant liquidity stress as evidenced by persistent negative net current assets (£-6,684 in 2024, worsening from £-3,198 in previous years). Their net assets are nominal (£1), indicating minimal equity buffer. The company is classified as a micro-entity with limited financial disclosures and no profit & loss details available. The recurring current liabilities exceed current assets substantially, raising concerns about short-term debt servicing capability. Without signs of improving working capital or equity injection, the risk of default on credit facilities is high.

2. Financial Strength:
   The balance sheet reveals very weak financial strength. Fixed assets are minimal (£6,685), and current liabilities are nearly £10k against current assets below £3k. Shareholders’ funds stand at only £1, reflecting negligible equity capital and accumulated losses or capital erosion. The downward trend in net current assets (from positive £635 in 2021 to negative £6,684 in 2024) signals deteriorating financial health. Lack of profitability data hinders assessment of earnings quality, but the small asset base and negative working capital suggest vulnerability.

3. Cash Flow Assessment:
   The negative net current assets imply ongoing liquidity constraints, likely requiring external financing or director support to meet short-term obligations. The company’s inability to generate or maintain sufficient cash or receivables relative to payables is a red flag. Absence of cash flow statements limits precise evaluation, but the balance sheet position suggests weak operational cash flow and potentially strained supplier relationships.

4. Monitoring Points:

• Improvement in working capital position (net current assets turning positive)
• Evidence of profitability or positive cash flow generation in future accounts
• Timely payment history to suppliers and creditors
• Any capital injections or loans from shareholders to bolster liquidity
• Changes in director or management that might signal restructuring or turnaround efforts