ADRIAN PAGE LIMITED

Executive Summary

Adrian Page Limited is a small, recently incorporated IT consultancy with modest financial strength and positive but declining liquidity. Conditional credit approval is recommended, contingent on close monitoring of working capital and payment performance. The company’s limited operating history and single director control warrant cautious oversight to mitigate risks.

ADRIAN PAGE LIMITED - Analysis Report

Company Number: 14365696

Analysis Date: 2025-07-20 14:59 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Adrian Page Limited is an active private limited company engaged in IT consultancy, with recent incorporation in 2022. The company shows modest net current assets and positive shareholder funds, indicating a basic level of financial stability. However, the reduction in net current assets and cash from the previous year suggests some tightening of liquidity. Given the small scale, limited operating history, and a single director with significant control, credit approval should be conditional on monitoring working capital management and timely fulfillment of payment obligations.

2. Financial Strength:
   The company’s balance sheet as of 30 September 2024 shows net current assets of £11,055 and shareholders’ funds of the same amount, down from £20,266 the previous year. The company holds no fixed assets, relying primarily on cash and receivables. The small equity base and reduction in net assets indicate limited financial cushioning against adverse business events. However, liabilities are current and manageable, with no long-term debt reported. The company qualifies as a micro entity and has complied with filing deadlines.

3. Cash Flow Assessment:
   Cash at bank has decreased to £40,655 from £63,611 year-on-year, signaling potential cash outflow pressure. Current liabilities are £29,600, primarily taxation and social security, which must be serviced within the year. Net current assets remain positive but have nearly halved, suggesting working capital is tight. There is no evidence of overdrafts or external borrowing, which reduces risk but also limits liquidity flexibility. The company’s small employee base (2 employees) may help control operating costs.

4. Monitoring Points:

• Track monthly cash flow closely to ensure sufficient liquidity to meet current tax and creditor obligations.
• Watch for any late or missed payments to HMRC or suppliers, which could indicate cash flow strain.
• Monitor any changes in director control or ownership that could impact governance and financial decisions.
• Review subsequent filings for improvements or further declines in net current assets and shareholder funds.
• Evaluate the company’s ability to secure new contracts or revenue growth to enhance cash inflows.