Company Number: 13267885

Analysis Date: 2025-07-20 18:07 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Access Anchors Ltd is a micro private limited company operating in the construction installation sector. The company is active with timely filings and no overdue accounts or returns. However, recent financials show a significant decline in net assets and working capital from 2024 to 2025, indicating weakening financial strength. The company’s ability to service debt is therefore limited and depends on stabilising or improving its cash flow. Approval for credit facilities should be conditional on obtaining updated management accounts to monitor cash flow closely and possibly personal or director guarantees given the small scale and concentrated control.

2. Financial Strength:
   The balance sheet reveals a deterioration over the latest financial year ended March 2025. Net assets dropped from £51,285 in 2024 to £15,303 in 2025, a 70% decrease. Current assets decreased by approximately 19%, while current liabilities nearly doubled to £45,349. Fixed assets are minimal (£6,052) and declining. The company maintains positive net current assets (£9,251), but the sharp rise in short-term liabilities is a concern. Shareholders’ funds have eroded significantly, reflecting either losses or withdrawals. Overall, the financial strength is weak for lending purposes.

3. Cash Flow Assessment:
   Current assets are largely likely to be cash and short-term receivables (£54,600), but current liabilities at £45,349 suggest limited liquidity cushion. Net current assets of £9,251 represent working capital, but the reduction from prior years signals tightening liquidity. The company employs only one person (the director), so fixed overheads are likely low. However, without profit and loss data, it is unclear if the company is generating positive operating cash flow. The lack of audited or reviewed accounts means the cash flow position must be monitored closely.

4. Monitoring Points:

• Monthly or quarterly management accounts to track cash inflows and outflows, including debtor and creditor days.
• Changes in current liabilities and working capital trends, particularly monitoring any increase in short-term debt or overdrafts.
• Profitability and margin trends once P&L data becomes available.
• Director conduct and control given the single director/shareholder structure, ensuring no adverse changes.
• Any growth in fixed assets or investments that may affect liquidity.