Company Number: 13125573

Analysis Date: 2025-07-19 12:26 UTC

1. Credit Opinion: APPROVE
   AGUNNOBIENGINEERING LTD demonstrates a stable and improving financial position with positive net current assets and net assets over the last three years. The company’s micro-entity status and small scale reduce complexity and risk. The director has maintained timely filings without overdue accounts or returns, indicating sound compliance and management discipline. Given the modest size and consistent working capital surplus, the company appears capable of meeting short-term obligations and servicing modest credit facilities.

2. Financial Strength:
   The balance sheet shows a steady increase in net current assets from £3,686 in 2021 to £5,551 in 2024. Current assets have risen from £5,466 to £6,628, while current liabilities have remained low and relatively stable, improving the working capital position. Net assets and shareholders’ funds have increased year-on-year, reflecting retained earnings or capital injection beyond the nominal share capital of £1.00. The absence of fixed assets or long-term liabilities indicates a lean, low-risk asset structure typical for a consulting firm.

3. Cash Flow Assessment:
   The positive net current assets indicate that the company maintains sufficient liquidity to cover its short-term liabilities comfortably. The upward trend in current assets relative to current liabilities suggests improving cash flow management and working capital efficiency. With only one employee, overheads are likely low, further supporting manageable operational cash requirements. However, the micro-entity accounts do not provide a detailed cash flow statement, so close monitoring of cash generation from operations is advised.

4. Monitoring Points:

• Track any increases in current liabilities or deterioration in working capital.
• Monitor turnover and profitability trends as future accounts become available to assess growth and debt servicing capacity.
• Watch for any director changes or changes in filing timeliness that could indicate governance issues.
• Ensure the company maintains compliance with filing deadlines to avoid penalties or reputational risk.