Company Number: 14808984

Analysis Date: 2025-07-29 21:02 UTC

1. Credit Opinion: DECLINE
   TTA EQUINE LTD is a very newly incorporated micro-entity (incorporated April 2023) engaged in raising horses and equines. Its first filed accounts for the year ending April 2024 show a negative working capital position of £9,815 and net liabilities of £9,814. This indicates the company is currently insolvent on a balance sheet basis, with current liabilities exceeding current assets by a significant margin. There is no evidence of fixed assets or operating income, and no employees reported. The sole director and 100% shareholder, Miss Hayley Mossop, is likely funding the business at this stage. Without tangible assets or revenue generation, the company lacks the financial capacity to service any credit facility or meet commercial payment obligations at present.

2. Financial Strength:
   The balance sheet reflects net liabilities of £9,814 with no fixed assets and negligible current assets (£998). The current liabilities stand at £10,813, suggesting short-term funding relies on creditor financing or director loans. Shareholders’ funds are negative, indicating erosion of capital and no retained earnings. The company classification as micro-entity and its early stage of trading mean limited financial history is available, but the negative equity position is concerning from a credit risk perspective. The absence of tangible assets and operating cash inflows weakens financial resilience.

3. Cash Flow Assessment:
   The current asset position of £998 (likely cash or equivalents) is insufficient to cover the current liabilities of £10,813, resulting in negative net current assets. This indicates a liquidity shortfall and poor working capital management. The company’s ability to generate positive operating cash flow is unproven. No employees or revenue are reported, suggesting little or no trading activity so far. Without external funding or capital injection, the company would struggle to meet short-term obligations or service debt.

4. Monitoring Points:

• Future trading results and revenue generation to assess operational viability.
• Improvement in working capital and net asset position in subsequent filings.
• Director funding or external investment to support liquidity needs.
• Any changes in liabilities structure, such as conversion of short-term debt to long-term.
• Timely filing of accounts and confirmation statements to avoid compliance risks.
• Market conditions in the equine sector affecting business prospects.