A & S PROPERTIES (OLDHAM) LTD

Executive Summary

A & S PROPERTIES (OLDHAM) LTD presents a strong financial position with healthy liquidity, steady equity growth, and conservative liabilities. The company’s cash flow and working capital are well managed, supporting its ability to meet financial commitments. Credit approval is recommended with routine monitoring of receivables and liabilities to sustain financial stability.

A & S PROPERTIES (OLDHAM) LTD - Analysis Report

Company Number: 12495529

Analysis Date: 2025-07-20 17:37 UTC

1. Credit Opinion: APPROVE

A & S PROPERTIES (OLDHAM) LTD demonstrates a stable and improving financial position with no overdue filings or indications of distress. The company has steadily increased its net current assets and shareholders’ funds over the last four years, indicating sound financial stewardship and growth. Directors have maintained consistent control with no adverse records or disqualifications. The company’s focus on real estate management and letting aligns with predictable cash flows, supporting debt servicing capability.

2. Financial Strength:

The balance sheet shows strong liquidity and equity growth. As of 31 March 2024, current assets stand at £314,868 with cash representing a significant portion (£234,053). Current liabilities are modest at £22,503, leading to net current assets of £292,365. Shareholders’ funds have grown from £71,986 in 2020 to £292,365 in 2024, reflecting retained earnings and capital stability. The absence of long-term liabilities or borrowings suggests a conservative capital structure, reducing financial risk.

3. Cash Flow Assessment:

The company’s cash position is robust and improving, with cash increasing by £73,930 year on year. Debtors have risen but remain manageable and consistent with business growth. Current liabilities are low relative to current assets, providing comfortable working capital coverage (net current assets approximately 13.9 times current liabilities). This liquidity profile supports the company’s ability to meet short-term obligations and maintain operational flexibility.

4. Monitoring Points:

• Continued growth in cash and net current assets to ensure ongoing liquidity.
• Debtor aging and collection efficiency to prevent cash flow bottlenecks.
• Any increase in liabilities, particularly short-term borrowings, that could pressure working capital.
• Impact of market conditions on real estate management fees and rental income streams.
• Regular review of directors’ conduct and compliance status to mitigate governance risk.