Company Number: 14460903

Analysis Date: 2025-07-29 17:39 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Adele-Marie Ltd is a newly incorporated small private limited company with limited trading history, having filed its first set of accounts for the period ending 30 November 2023. The company shows modest net assets and working capital, with no audit requirement due to its small size. Given the limited operating history and low cash balances, credit approval should be conditional on further monitoring of trading performance and cash flow development to ensure ongoing debt servicing capability.

2. Financial Strength
   The balance sheet reflects a small but positive net asset position of £3,067. Shareholders’ funds of £14,990 primarily comprise share premium, offset by accumulated losses of £12,023, indicating the company is in an early investment and development stage rather than generating profits. The company holds minimal fixed assets (none disclosed) and current assets of £5,067, mostly debtors (£4,933). Long-term liabilities of £2,000 are relatively low but suggest some borrowing or creditor financing beyond one year.

3. Cash Flow Assessment
   Cash at bank is very low at £134, which raises concerns about immediate liquidity to meet short-term obligations. However, current liabilities are modest at £2,000, resulting in positive net current assets of £5,067. The significant debtor balance suggests receivables collection is key to liquidity management. The absence of employees reduces payroll cash flow pressures. Overall, liquidity is fragile, relying heavily on timely debtor payments and further cash generation from operations.

4. Monitoring Points

• Cash flow trends, particularly cash balance and debtor collection efficiency
• Profitability trajectory in future accounts filings to assess movement from initial losses
• Any additional borrowing or creditor balances that may impact solvency
• Compliance with filing deadlines and director’s adherence to financial controls
• Business development progress in the “Other human health activities” sector, given limited operational history