ULYSSES LIMITED

Executive Summary

ULYSSES LIMITED exhibits a fragile financial position characterized by negative equity and net current liabilities equal to fixed assets. The company’s inability to generate positive working capital or demonstrate profitability undermines its debt servicing capacity. Credit extension is not recommended absent substantial collateral or financial restructuring.

ULYSSES LIMITED - Analysis Report

Company Number: 13439264

Analysis Date: 2025-07-29 17:26 UTC

1. Credit Opinion: DECLINE
   ULYSSES LIMITED presents a concerning credit profile. The company’s balance sheet shows net liabilities of £590 consistently over four years, with current liabilities (£458,084) nearly equal to fixed assets (£457,494) and no positive net current assets. The negative shareholders' funds indicate an erosion of capital and potential financial distress. The absence of profit and loss data further obscures operational performance but the persistent small net liability and lack of working capital strongly suggest limited ability to meet short-term obligations or service debt. Given these factors and the micro-entity status with minimal reporting, credit extension is not advisable without significant additional security or guarantees.

2. Financial Strength:
   The company’s financial strength is weak. Fixed assets represent the bulk of the balance sheet, but these are matched almost exactly by current liabilities, leaving effectively no liquid or working capital buffer. Shareholders’ funds are negative, which signals accumulated losses or funding deficits. The company employs only one person (the director), indicating a very small scale operation. The static financial position over four years with no improvement in net asset position suggests no growth trajectory or capital injection. Lack of equity cushions and high leverage relative to asset base raises concerns about solvency.

3. Cash Flow Assessment:
   There is no reported cash or current assets disclosed, and current liabilities exceed any liquid resources. The net current liabilities position (-£458,084) implies the company is reliant on external funding or creditor forbearance to fund operations. Without positive working capital, the company faces liquidity risk and likely cannot meet short-term liabilities from operating cash flows. The micro-entity exemption and absence of profit and loss statements limit insight into cash generation, but the balance sheet structure strongly indicates poor cash flow health.

4. Monitoring Points:

• Monitor any future filings for improvements in net assets or working capital position.
• Watch for any injection of equity or creditor restructuring that might improve liquidity.
• Track director appointments or changes that might impact governance and financial oversight.
• Review upcoming accounts and confirmation statements for compliance and any signs of distress (e.g., overdue filings).
• Monitor sector developments in real estate letting that may impact asset values or rental income.