Company Number: 15032396

Analysis Date: 2025-07-29 21:18 UTC

1. Credit Opinion: DECLINE
   Twenty Four Nine Limited shows a weak financial position with net liabilities of £4,313 as at 31 July 2024, despite being newly incorporated in 2023. The company’s minimal cash balance (£12) and current liabilities of £4,325 indicate insufficient liquidity to meet short-term obligations. The negative shareholders’ funds and accumulated losses suggest a start-up phase with no trading profits yet. Given these financials and zero employees reported, the company currently lacks the capacity to service debt or sustain credit facilities.

2. Financial Strength:
   The balance sheet reveals net current liabilities and negative net assets, signaling an undercapitalized business with losses exceeding initial share capital (£100). The absence of fixed assets and minimal cash resources further weaken financial strength. The company’s accounts are unaudited and abridged, limiting detailed insight but confirming small size and early stage. No retained earnings or reserves exist to buffer risks or fund growth.

3. Cash Flow Assessment:
   Cash at bank stands at only £12, effectively nil for operational or debt servicing needs. Current liabilities surpass cash by a wide margin, creating immediate liquidity pressure. Working capital is negative by £4,313, highlighting a mismatch of short-term obligations versus available liquid assets. The company’s lack of employees and recent incorporation point to unproven cash generation and uncertain operational cash flow.

4. Monitoring Points:

• Improvement in liquidity and positive working capital development
• Progression to profitable trading reflected in profit and loss and cash flow statements
• Changes in shareholders’ funds showing capital injections or retained earnings
• Timely filing of accounts and confirmation statements
• Any director or ownership changes impacting governance or financial control