MARIN SOFTWARE LIMITED
Company number 06854763 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Credit Opinion: DECLINE
The company is under a "Proposal to Strike off" status, indicating active dissolution proceedings. This alone makes extending any credit facility impossible. Additionally, the financial trajectory shows a severe and rapid decline: turnover fell from £3.28m (2023) to £717k (2025), operating losses widened to £595k, and employee numbers dropped from 25 to 5. The business appears to be winding down operations as a support hub for its US parent, with no independent viability.
Financial Strength
- Net assets turned positive in 2025 (£90.5k) only after eliminating all liabilities (creditors reduced from £669k to £0). This is a liquidation event, not organic recovery.
- Historical negative net assets in 2024 (£-448k) and persistent accumulated losses signal a weak capital base.
- Share capital is minimal (£1). The company relies entirely on group support, which is being withdrawn.
Cash Flow Assessment
- Operating loss of £595k in 2025 is a cash drain; positive cash flow is not sustainable without group funding.
- Cash increased to £90.5k but is entirely consumed by fixed overheads (admin expenses of £1.3m vs. turnover of £717k).
- No trade debtors or creditors remain, confirming cessation of active trading. Working capital is effectively zero.
Monitoring Points
- Not applicable—credit cannot be granted. Should the striking-off proposal be cancelled and the company resumes independent trading, re‑assess only after two full years of profitable, audited accounts and a clean status.