Company Number: 13538129

Analysis Date: 2025-07-20 19:05 UTC

1. Credit Opinion: APPROVE

8PLUS LTD demonstrates a sound financial position for a micro-entity in its early years of operation. The company shows a positive trajectory with net assets increasing from £2,514 in 2022 to £4,488 in 2023. Current assets have grown significantly, improving liquidity and working capital. There are no overdue filings or indications of financial distress. The director owns 100% of the voting rights and shares, suggesting clear control and accountability. Although the company is small with limited financial data, the growth in net current assets and shareholders’ funds supports their capability to service debt obligations.

2. Financial Strength:

The balance sheet reveals a stable financial foundation with net assets of £4,488 and net current assets of £2,623 as of July 2023. Fixed assets remain minimal at £1,865, reflecting the company’s nature likely as a software and accommodation services provider. The increase in current assets and net current assets indicates improved liquidity and working capital management. Shareholder equity has nearly doubled year-on-year, which is a positive sign of retained earnings or capital injection.

3. Cash Flow Assessment:

Current assets of £3,598 comfortably exceed current liabilities of £975, resulting in a net current asset position that suggests sufficient short-term liquidity to meet obligations. The company’s ability to maintain positive working capital is encouraging for ongoing operations and debt servicing. However, as a micro business, detailed cash flow statements were not provided, so monitoring operational cash flow consistency will be important.

4. Monitoring Points:

• Track growth in turnover and profitability to ensure sustainability beyond initial capital contributions.
• Monitor liquidity ratios, especially current ratio and quick ratio, for any signs of tightening working capital.
• Watch for any changes in director control or company structure that could impact governance.
• Review future filings for any increases in liabilities or delays in accounts submission.
• Assess impact of dual SIC codes (software development and hotel accommodation) on overall business risk and revenue diversification.