Company Number: 13104543

Analysis Date: 2025-07-29 12:34 UTC

1. Credit Opinion: DECLINE

Wizborn Ltd demonstrates a weak financial position evidenced by significant negative net assets of £64,490 as at 31 December 2023, which has deteriorated from negative £57,000 in the prior year. The company exhibits minimal current assets (£388) against substantial current liabilities (£64,878), indicating poor liquidity and an inability to meet short-term obligations without additional funding. The absence of employees and limited operational scale (micro-entity) limit its business resilience and capacity to generate cash flows. The control structure is concentrated with a single individual and a corporate director, which may pose governance risks. Given the lack of profitability details but continuing erosion of net assets and working capital, the company is not currently positioned to service debt or sustain credit facilities without significant improvement or external support.

2. Financial Strength:

The balance sheet reflects a highly leveraged position with total liabilities exceeding assets by a large margin. The company’s net current assets are positive but nominal (£388), and total net assets are negative (£64,490), signifying an insolvency risk on a going concern basis. Share capital is reported at £155,000, but this has not translated into tangible net equity due to accumulated losses or liabilities. There are no fixed assets disclosed, and minimal current assets suggest limited buffer to absorb financial stress. Overall, the financial strength is weak and deteriorating.

3. Cash Flow Assessment:

Current assets (mainly cash or equivalents) have declined sharply from £4,133 in 2022 to £388 in 2023, while current liabilities have increased, resulting in a near-insolvent working capital position. The company has no employees and presumably limited operational cash inflows. This raises concern about liquidity management and ability to meet short-term financial commitments. Without evidence of positive cash flow generation or external funding, the risk of default is elevated.

4. Monitoring Points:

• Net current assets and liquidity trends in subsequent filings.
• Any new capital injections or debt restructuring efforts.
• Changes in director appointments and governance.
• Evidence of revenue growth or profitability improvements.
• Timely filing of accounts and confirmation statements.
• Disclosure of contingent liabilities or related party transactions that may impact financial health.