VORTEX OPERATIONS LIMITED

Executive Summary

Vortex Operations Limited is a recently incorporated micro entity exhibiting persistent negative net assets and working capital deficits, signaling weak financial health and limited debt servicing ability. The company’s financial position is fragile with minimal assets and ongoing losses, resulting in a high credit risk profile. Without significant improvement or capital support, credit facilities would be considered high risk and not recommended at this stage.

VORTEX OPERATIONS LIMITED - Analysis Report

Company Number: 14165031

Analysis Date: 2025-07-20 16:58 UTC

1. Credit Opinion: DECLINE
   Vortex Operations Limited shows persistent negative net assets and net current liabilities over the last two financial years, albeit with some reduction in losses in the most recent year. The company is currently in a net liability position of £358, indicating that liabilities exceed assets. This weak financial position suggests limited capacity to service debt or absorb financial shocks. The micro entity status and very small asset base also limit collateral availability. Without material improvement in profitability or capital injection, credit risk is high.

2. Financial Strength:
   The balance sheet reveals negative net current assets of £358 as of 31 March 2024, improved from a larger deficit of £4,511 the prior year. Total liabilities exceed current assets, resulting in negative shareholders' funds. The company has no fixed assets reported, indicating no long-term asset base. The financial position remains fragile with minimal working capital buffer and cumulative losses retained in reserves.

3. Cash Flow Assessment:
   Current assets of only £2,829 largely consist of cash or receivables, while current liabilities amount to £3,187, creating a small but negative working capital position. The company’s ability to meet short-term obligations is constrained, which raises liquidity concerns. The absence of detailed cash flow statements limits visibility, but the negative net current assets suggest cash flow pressures. The business appears reliant on continued shareholder support or new financing to sustain operations.

4. Monitoring Points:

• Track improvement in net current assets and net asset position in future accounts.
• Monitor operating cash flow and profitability to assess if losses are being reversed.
• Watch for any capital injections or shareholder loans to shore up liquidity.
• Review timely filing of accounts and confirmation statements to identify governance diligence.
• Monitor director and PSC conduct; currently, control is concentrated in a single individual which may increase governance risk.