Company Number: 13623971

Analysis Date: 2025-07-20 12:34 UTC

1. Credit Opinion: DECLINE
   TOJ STUDIER LTD demonstrates weak financial health with net liabilities reported in the latest accounts and no current assets to cover short-term obligations. The company’s working capital position has deteriorated from prior years, signaling increasing financial stress. Given the negative net assets and minimal operational scale (1 employee), the risk of default on credit facilities is high. Without evidence of improving cash flow or capital injection, extending credit is not advisable.

2. Financial Strength:
   The balance sheet shows a micro-entity with net liabilities of £2,479 as of 30 September 2024, worsening from net liabilities of £3,169 in previous years. Current liabilities exceed current assets, indicating insufficient liquidity. Shareholders’ funds are negative, suggesting erosion of equity and absence of retained earnings. The company holds no fixed assets, limiting collateral value.

3. Cash Flow Assessment:
   Current assets are reported at zero with current liabilities of £2,479, resulting in negative net current assets. The lack of cash or equivalents raises concerns about the company’s ability to meet immediate payables. The operational scale (one employee) and limited asset base imply very constrained cash inflows. Without additional cash reserves or improved receivables, liquidity risk is elevated.

4. Monitoring Points:

• Monitor future filings for cash balances and any change in current liabilities.
• Watch for capital injections or shareholder loans that could improve net assets.
• Review turnover and profitability trends to assess operational viability.
• Track director actions and any restructuring initiatives aimed at financial recovery.