Company Number: 14498615

Analysis Date: 2025-07-20 16:36 UTC

1. Credit Opinion: DECLINE
   Yeti Cat Ltd demonstrates significant financial distress, with large negative net current assets (£14,717) and total liabilities exceeding total assets. The company is reliant on director and creditor support to continue as a going concern, indicating weak repayment capacity. The short operating history (incorporated late 2022) and lack of profitability or equity buffer further elevate credit risk. Without substantial improvement in liquidity or capital structure, extending credit facilities is not advised.

2. Financial Strength:
   The company’s balance sheet is highly leveraged with negative shareholders’ funds of £14,727 as at 30 November 2024, worsening from a negative £4,426 the prior year. Current liabilities (£14,756) far exceed current assets (£39), evidencing poor working capital management. The only assets reported are minimal cash (£33) and debtors (£6), reflecting a limited asset base and no fixed assets. This weak financial foundation undermines the company’s financial resilience.

3. Cash Flow Assessment:
   Reported cash balances are nominal (£33), and cash flow appears strained given outstanding loans of £10,000 and other accrued liabilities. The company’s note confirms dependency on director and creditor support, suggesting insufficient operating cash flow generation. Negative net current assets highlight ongoing liquidity challenges, risking inability to meet short-term obligations without external funding.

4. Monitoring Points:

• Improvement in net current assets and positive working capital
• Reduction of reliance on director loans and external creditor support
• Evidence of growing turnover and profitability in future accounts
• Timely filing of accounts and confirmation statements to ensure transparency
• Any changes in ownership or director appointments that may affect governance or financial backing