Company Number: 14222581

Analysis Date: 2025-07-29 17:16 UTC

1. Credit Opinion: APPROVE
   AGJ IT DELIVERY LTD demonstrates solid financial health for a micro-entity with a positive growth trajectory in net assets and working capital. The company shows a strong net current asset position and no overdue filings, indicating good financial stewardship and compliance. Given its young age (incorporated in 2022) and the consistent increase in equity, the risk of default appears low, supporting approval for credit facilities.

2. Financial Strength:
   The balance sheet shows steady improvement from 2023 to 2024. Net assets nearly doubled from £79k to £149k, driven by increased current assets (£113k to £184k) and modest growth in fixed assets. Current liabilities remain manageable with a comfortable net current assets position (£138k). Shareholders’ funds mirror net assets, indicating no hidden liabilities. The company’s micro classification aligns with its scale, with only one employee, suggesting a low operational risk profile.

3. Cash Flow Assessment:
   Current assets predominantly consist of cash or equivalents (not detailed but inferred from strong net current assets), which exceed current liabilities by a significant margin. This suggests good liquidity and ability to cover short-term obligations. The company’s working capital position has improved by approximately £62k year-on-year, reflecting healthy operational cash flow and prudent management of payables and receivables.

4. Monitoring Points:

• Continued growth in current assets and net assets to sustain debt-servicing capacity.
• Monitor payment patterns to ensure current liabilities remain well covered.
• Watch for any changes in the number of employees or fixed asset investments that may impact cash flow.
• Confirm ongoing compliance with filing deadlines to avoid penalties or credit complications.
• Given the company’s young age, observe revenue and profitability trends once available for a fuller credit risk assessment.