A & T BATHROOMS LTD

Executive Summary

A & T BATHROOMS LTD is a newly formed micro-entity with a positive but modest balance sheet and working capital position. Given its short operating history and limited financial data, credit exposure should be granted conditionally, with close monitoring of future financial performance and compliance. Overall, the company currently demonstrates adequate capacity to meet short-term obligations but requires further trading history to support larger credit facilities.

A & T BATHROOMS LTD - Analysis Report

Company Number: 15128490

Analysis Date: 2025-07-20 12:31 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   A & T BATHROOMS LTD is a newly incorporated micro-entity with limited financial history. The company shows positive net assets and working capital, indicating initial financial stability. However, given its short trading period (just over one year) and limited scale, credit exposure should be conditional on continued operational performance and timely filing of future accounts. The recent resignation of one director reduces management redundancy but does not currently raise governance concerns.

2. Financial Strength:
   At 30 September 2024, the company reported fixed assets of £9,196 and current assets of £11,491 against current liabilities of £6,713, yielding net current assets (working capital) of £5,087. After accounting for long-term creditors (£6,600) and accruals (£960), net assets stand at £6,723, fully represented by shareholders’ funds. The balance sheet reflects a modest but positive equity position with no indication of insolvency risk. The capital structure appears sound for a micro business, though the presence of long-term liabilities warrants monitoring.

3. Cash Flow Assessment:
   Current assets exceed current liabilities, supporting adequate short-term liquidity to meet operational obligations. However, with limited historical data and no profit and loss information filed publicly, cash flow sustainability cannot be fully assessed. The company’s working capital position suggests it can meet immediate creditor payments, but the absence of detailed cash flow statements necessitates cautious credit limits until further financial evidence is available.

4. Monitoring Points:

• Track subsequent annual accounts to confirm revenue growth, profitability, and cash flow stability.
• Monitor director changes and PSC updates, especially following the recent director resignation.
• Observe any increase in liabilities, particularly long-term debt, that could strain financial resources.
• Watch for timely filing of returns and accounts to ensure compliance and transparency.