A ELLIOTT LIMITED

Executive Summary

A Elliott Limited demonstrates improving financial health with positive net current assets and equity after initial losses. However, the company remains small with limited cash reserves and material reliance on a director’s loan, presenting liquidity risks. Conditional credit approval is advised with ongoing monitoring of cash flows, director loan status, and statutory compliance to mitigate risk.

A ELLIOTT LIMITED - Analysis Report

Company Number: 13452520

Analysis Date: 2025-07-29 16:57 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   A Elliott Limited shows improving financial health with positive net current assets and shareholders funds in the most recent year. However, the company is a micro entity with a very small asset base and limited operating scale. The director’s loan balance remains sizeable relative to equity and is interest-free and repayable on demand, which could pose liquidity risk. The absence of employees and reliance on director advances suggest a closely held operation. Approval is recommended with conditions: close monitoring of liquidity, director loan repayment plans, and timely filing of future accounts.

2. Financial Strength:
   The balance sheet reflects a modest but positive turnaround. Net current assets improved from a negative £209 in 2023 to positive £3,304 in 2024, driven by stable current assets around £15,800 and a reduction in current liabilities from £15,526 to £12,594. Fixed assets are minimal (£286), consistent with a service-focused specialist medical practice. Shareholders funds rose substantially from £172 to £3,590, indicating accumulated retained earnings or capital injection. Overall, the financial position is fragile but improving.

3. Cash Flow Assessment:
   Cash holdings are very low (£70 in 2023, not separately disclosed in 2024 but included in current assets), while debtors balance is high (~£15,200), indicating some reliance on receivables for liquidity. Current liabilities remain significant, though reduced, at £12,594. The working capital position is positive but modest, suggesting limited buffer for unexpected cash flow disruptions. The director’s loan of £7,132 (interest-free, repayable on demand) is a key source of funding but also a risk if repayment is demanded suddenly.

4. Monitoring Points:

• Liquidity trends, especially cash and receivables collection efficiency
• Director loan balance and repayment schedule
• Timeliness and completeness of statutory filings
• Changes in current liabilities and any new short-term obligations
• Any operational changes, including staffing or service offerings affecting revenue stability
• Overall profitability and cash generation from operations in future accounts