THE TIN OF SARDINES ROKER LIMITED

Executive Summary

The Tin Of Sardines Roker Limited shows declining financial health with negative net assets and a significant working capital deficit, raising concerns about its ability to service debt. Current liquidity issues and an eroding equity base suggest the company is not creditworthy for new lending at this time. Ongoing monitoring of cash flow, liabilities, and management’s remedial actions is essential for future credit considerations.

THE TIN OF SARDINES ROKER LIMITED - Analysis Report

Company Number: 13051601

Analysis Date: 2025-07-20 13:38 UTC

1. Credit Opinion: DECLINE
   The Tin Of Sardines Roker Limited exhibits weak financial health, with net liabilities and negative shareholders' funds reported in the latest financial year ending September 2024. The company’s current liabilities significantly exceed current assets, indicating poor short-term liquidity and a working capital deficit. The negative net assets position suggests erosion of equity and potential solvency concerns. Given these factors, the company’s ability to meet debt obligations or new credit facilities is highly questionable at this time.

2. Financial Strength:
   The balance sheet shows a decline from positive net assets of £8,209 in 2023 to negative net assets of £14,368 in 2024, indicating deterioration in financial strength. Fixed assets remain relatively stable but current liabilities increased only slightly while current assets declined sharply. This results in a worsening net current asset position (working capital) from negative £132,840 to negative £138,610. The negative total assets less current liabilities further confirms financial strain. The micro-entity status and low share capital (£99) reflect limited financial buffer.

3. Cash Flow Assessment:
   Current assets are insufficient to cover current liabilities, with a working capital deficit exceeding £138k. This signals potential cash flow stress and difficulty in meeting short-term obligations without external financing or asset sales. Declining current assets and increased accruals suggest tightening liquidity. The absence of detailed profit and loss data limits full cash flow analysis, but trends imply operational cash flow is likely inadequate to support existing liabilities.

4. Monitoring Points:

• Monitor quarterly cash flow and liquidity ratios closely to detect worsening short-term financial stress.
• Watch for changes in current liabilities and any new borrowing that may further strain liquidity.
• Track management’s actions to improve working capital, such as debt restructuring, asset sales, or capital injections.
• Review any updates in filing compliance or director appointments that may impact governance or financial stewardship.
• Pay attention to sector-specific risks affecting public houses and bars, including regulatory, consumer behavior changes, and economic outlook.