Company Number: 15167872

Analysis Date: 2025-07-20 19:04 UTC

1. Credit Opinion: DECLINE

VERA CLEANERS LTD is a newly incorporated small private limited company (incorporated in September 2023) operating in the "Other cleaning services" sector (SIC 81299). The financial data from its first financial year ending September 2024 shows extremely limited scale of operations with total current assets of £21 and net assets of £17. The company has minimal cash (£20) and nominal debtors (£1), while current liabilities stand at £4, resulting in modest net working capital of £17. There is no turnover or profit data disclosed, and the company has no employees beyond the director. Given the lack of trading history, negligible asset base, and absence of revenue or profitability figures, the company does not demonstrate capacity to service debt or meet credit obligations at this stage. The director is also the sole shareholder with full control, which concentrates risk.

2. Financial Strength:

The balance sheet reflects a very weak financial position consistent with a start-up entity. Total assets less current liabilities are only £17, with shareholders’ funds at £17 (mostly retained earnings or initial capital). There are no fixed assets or tangible operational assets reported. The company is effectively a shell with minimal working capital. There is no indication of financial reserves or capital buffers to absorb operational volatility or economic downturns.

3. Cash Flow Assessment:

Liquidity is severely constrained with just £20 in cash and £1 in receivables against £4 of current liabilities. The net current asset position of £17 is trivial and unlikely to support ongoing operations or debt service. Absence of turnover data and no reported employees suggest no active cash inflows or operating cash generation. The company is likely reliant on continual capital injections or director funding to maintain liquidity.

4. Monitoring Points:

• Revenue generation and profitability trends in subsequent accounting periods.
• Cash flow improvements and working capital management.
• Changes in capital structure or external funding arrangements.
• Director’s engagement and any personal guarantees or support.
• Timely filing of annual returns and accounts to monitor compliance and financial updates.