TRACEABLE ACCESS LIMITED

Executive Summary

Traceable Access Limited is a micro-entity with negative net assets and zero working capital, indicating poor financial health and inability to service debt. The company lacks liquidity and financial resilience, presenting a high credit risk. Without significant improvement in capital structure or cash flow, credit facilities cannot be recommended at this time.

TRACEABLE ACCESS LIMITED - Analysis Report

Company Number: 12983816

Analysis Date: 2025-07-19 12:24 UTC

1. Credit Opinion: DECLINE
   Traceable Access Limited, a micro-entity active since 2020, demonstrates insufficient financial strength to support additional credit facilities. The latest accounts show net liabilities of £1,316 with no current or fixed assets and zero current assets to cover liabilities. The lack of positive working capital and negative shareholders’ funds indicate an inability to service debt or absorb financial shocks. The company has only one employee and minimal equity (£100 share capital), suggesting limited operational scale and financial resilience. While the director and significant controllers are identified individuals with full ownership, no evidence of profitability or cash flow generation is present. Given these factors, the risk of non-payment is high without further financial support or capital injection.

2. Financial Strength:
   The balance sheet as of 31 October 2023 shows total net liabilities of £1,316, with zero fixed and current assets. Current liabilities are minimal but exceed current assets, resulting in zero net current assets. There is no retained earnings or reserves, and shareholders’ funds are negative. This weak capital structure and lack of asset backing undermine the company’s ability to meet obligations. The company qualifies as a micro-entity, limiting disclosure but also pointing to a very small operational footprint.

3. Cash Flow Assessment:
   No cash or liquid assets are reported, implying negligible liquidity. The company’s inability to generate or maintain working capital is a key concern. The absence of prepayments, accrued income, or receivables suggests no cash inflows are available to meet short-term liabilities. With current liabilities present and no assets to offset, liquidity risk is high.

4. Monitoring Points:

• Monitor future filings for improvements in net assets and working capital.
• Watch for cash generation or capital injections to improve liquidity.
• Track any changes in ownership or director appointments that may affect governance.
• Review operational scale and turnover once data is available to assess business viability.
• Confirm timely submission of accounts and returns to avoid regulatory penalties and ensure transparency.