Company Number: 14779604

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

1. Credit Opinion: APPROVE with caution

33DPA LTD is a recently incorporated private limited company (April 2023) operating in the artistic creation sector. The company demonstrates positive net current assets and shareholder equity, indicating initial financial stability. However, given the company’s young age, lack of audited financials, and limited operational history, approval should be conditional on continued monitoring of financial performance and liquidity trends. The director’s full control and involvement is positive for governance but warrants vigilance to ensure sound financial stewardship.

2. Financial Strength:

• The company reports net current assets of £98,873 with current assets of £190,762 and current liabilities of £91,889, representing a healthy working capital position.
• Shareholders’ funds equal net current assets at £98,873, reflecting no long-term liabilities and a modest capital base (£1 share capital).
• No fixed assets disclosed, typical for a service/artistic business.
• The balance sheet is simple and clean, but the company is reliant on receivables and cash to meet liabilities.
• The director’s loan of £84,644 owed to the company reduces external financing risk but may impact cash flow if not repaid timely.

3. Cash Flow Assessment:

• Cash holdings of £77,551 provide reasonable liquidity for the company’s scale.
• Debtors total £113,211, which is significant relative to cash and liabilities; efficient collection of receivables is critical.
• Current liabilities include corporation tax of £62,267 and other payables totaling £29,622.
• The director’s loan to the company is unsecured and repayable on demand, providing potential liquidity flexibility.
• Dividends of £10,000 were paid to the director, indicating some distribution of profits but also reducing cash reserves.
• Overall, cash flow appears adequate for current obligations but should be closely monitored given the company’s short operating history and tax liabilities.

4. Monitoring Points:

• Timely collection of trade receivables to maintain liquidity.
• Management of corporation tax payments and other liabilities to avoid cash shortages.
• Tracking revenue growth and profitability as the company matures beyond its first accounting period.
• Monitoring director loan account balance and repayment terms.
• Any significant changes in the artistic creation market or regulatory environment impacting the company’s business model.
• Confirmation of annual accounts and confirmation statement filings remain up to date.