Company Number: 14779868

Analysis Date: 2025-07-20 16:19 UTC

1. Credit Opinion: APPROVE
   A G Mackinnon Consultancy Limited is a newly incorporated micro-entity with a strong initial equity base and no debt beyond current liabilities. The absence of fixed assets and limited operational scale (1 employee) is typical for a consultancy startup. The company shows positive net current assets and no overdue filings, suggesting sound financial stewardship and compliance. Given its current profile, it can reasonably service short-term obligations. However, as a startup, ongoing cash flow and revenue generation should be monitored closely.

2. Financial Strength:
   The balance sheet as of 30 April 2024 shows total net assets of £58,700, which equals the shareholders’ funds, indicating no external long-term debt. Current assets of £105,172 exceed current liabilities of £46,473, yielding net current assets (working capital) of £58,699. The company has no fixed assets, which aligns with its consultancy business model. The capital structure is simple and stable, with the founder holding 100% equity and voting rights, implying control and aligned interests.

3. Cash Flow Assessment:
   Current assets primarily represent cash or cash equivalents and receivables, sufficient to cover current liabilities comfortably. The positive working capital position indicates liquidity adequacy in the short term. Since the company is newly formed, historical cash flow trends are unavailable; hence, future cash flow stability will depend on the ability to generate consulting revenues and control operating expenses. The absence of long-term debt reduces pressure on cash flow servicing.

4. Monitoring Points:

• Revenue generation and profit margins in upcoming periods to confirm business viability.
• Cash flow consistency to ensure ongoing liquidity without need for external financing.
• Management of receivables and payables to maintain positive working capital.
• Any changes in ownership or director control that could affect governance.
• Filing of annual accounts and confirmation statements on time to avoid compliance risks.