Company Number: NI680016

Analysis Date: 2025-07-20 18:24 UTC

1. Credit Opinion: DECLINE
   Ublesemp Ltd shows persistent negative net assets and shareholders’ funds over the last four years, with worsening net liabilities from -£352 in 2021 to -£2,620 in 2024. The company’s current liabilities significantly exceed current assets, indicating poor short-term liquidity and an inability to cover debts as they fall due. Given the negative equity position and ongoing working capital deficits, the risk of default on credit facilities is high. There is no evidence of profitability or financial improvement, and the company operates with only one employee, suggesting limited operational scale and resilience. Therefore, the company is not currently creditworthy for new lending without substantial guarantees or restructuring.

2. Financial Strength:
   The company’s balance sheet is weak, with fixed assets declining from £1,125 to £375 and current assets only £219 against current liabilities of £3,214 in 2024. The net current liabilities of nearly £3,000 reflect a severe working capital shortfall. Shareholders’ funds are deeply negative (-£2,620), indicating accumulated losses and insufficient capital to absorb liabilities. This negative equity signals insolvency risk if losses continue. The company has minimal tangible assets and no reported retained earnings, showing limited financial buffer.

3. Cash Flow Assessment:
   Cash balances are very low (£219 at 2024 year-end) and insufficient to cover short-term obligations (£3,214 current liabilities). The absence of trade debtors or stock on the balance sheet suggests limited operational activity or receivables management. The persistent negative net current assets indicate ongoing reliance on external financing or creditor support to meet cash flow needs. The company’s working capital position is inadequate for normal trading cycles, raising concerns about liquidity and timely payment of creditors.

4. Monitoring Points:

• Monitor quarterly cash flow statements if available, to assess liquidity trends.
• Watch for any improvement in net current assets and reduction in creditors.
• Track profitability or turnover growth through management accounts.
• Review any capital injections or shareholder loans to improve equity.
• Observe director actions and any changes in company status or credit ratings.