Company Number: 14501752

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

1. Credit Opinion: APPROVE
   11STAR MANAGEMENT LTD demonstrates a strong initial financial footing for a micro-entity. The company shows robust net current assets and positive shareholders’ funds, indicating good capitalisation. Although the company is young (incorporated late 2022), its first reported year-end accounts reveal solid liquidity with current assets well exceeding current liabilities. The director appears to have full control and there is no indication of adverse management conduct. Given the positive balance sheet and absence of overdue filings, credit facilities can be approved, subject to ongoing performance monitoring.

2. Financial Strength:
   The company’s balance sheet as of 30 November 2023 shows fixed assets of £34,719 and current assets of £304,611, with current liabilities at only £36,068. This yields net current assets of £268,543 and net assets of £303,262, all represented by shareholders’ funds. The capitalisation level is strong for a micro-entity, with no long-term liabilities reported. The financial position reflects sound equity backing and a conservative liability structure.

3. Cash Flow Assessment:
   Current assets significantly exceed current liabilities, suggesting the company maintains adequate liquidity to meet short-term obligations. The reported average workforce of 3 employees is modest, implying limited payroll and operating cash outflows at this stage. No cash flow statement is provided, but the working capital position and net assets signify a healthy operational cash buffer.

4. Monitoring Points:

• Monitor turnover and profitability trends as operational scale increases.
• Track changes in current liabilities to ensure liquidity is maintained.
• Review any new borrowing or credit facilities taken on to assess debt servicing capacity.
• Confirm continued compliance with filing deadlines and absence of director disqualifications or adverse events.
• Observe management’s ability to scale operations without eroding financial strength.