X04 LTD

Executive Summary

X04 LTD is a very small, early-stage company with minimal trading history and a weak financial position characterized by negative net assets and no working capital. The current financial condition and cash flow constraints render it unable to support additional credit risk. Monitoring future financial performance and management actions is essential before reconsidering credit facilities.

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Company Analysis

This analysis is opinion only and should not be interpreted as financial advice.

X04 LTD - Analysis Report

Company Number: 14149014

Analysis Date: 2025-07-29 19:12 UTC

  1. Credit Opinion: DECLINE
    X04 LTD’s financials reveal limited trading activity with an extremely low turnover (£6,834) and a negative net asset position (-£552) as of the latest year-end. The company is a micro-entity with no fixed or current assets and current liabilities of £552, indicating minimal operational scale and weak balance sheet strength. The loss recorded and lack of working capital suggests an inability to comfortably meet debt obligations or absorb financial shocks. Management has changed recently, but there is no evidence of improved financial stewardship or growth trajectory yet. Given these factors, the company is not currently creditworthy for lending or extended trade credit without significant financial support or guarantees.

  2. Financial Strength:
    The balance sheet shows no fixed or current assets and negative net current assets of £552. Shareholders’ funds are negative, reflecting accumulated losses or capital deficiency. The company holds no tangible or liquid assets to secure liabilities. The micro-entity size and minimal turnover restrict financial flexibility. There is no positive equity cushion or retained earnings to support future growth or debt repayment.

  3. Cash Flow Assessment:
    No cash or receivables are reported, and current liabilities of £552 exceed current assets, resulting in negative working capital. No staff costs or other expenses suggest limited operational activity, but also no positive cash inflow to service liabilities. The company’s cash flow position appears strained, with no buffer to meet short-term debts.

  4. Monitoring Points:

  • Turnover growth and diversification of revenue streams.
  • Improvement in net current assets and positive working capital.
  • Changes in directorate and management effectiveness in financial control.
  • Timely filing of accounts and confirmation statements (currently up to date).
  • Any capital injections or financial restructuring to restore positive equity.

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