Company Number: 13254816

Analysis Date: 2025-07-20 18:06 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Alden Rose Ltd presents a modest but stable financial position with positive net current assets and net assets over the past three years. However, the company is relatively new (incorporated 2021) and small in scale, with limited cash reserves (£4,683 as of March 2024) and low overall equity (£3,471). The decline in current assets and cash from 2023 to 2024, as well as the disappearance of trade debtors, suggests some operational changes or tightening cash management. Credit approval is recommended with conditions such as monitoring ongoing cash flow closely and ensuring timely payments, particularly given the low liquidity buffer.

2. Financial Strength:
   The balance sheet shows net assets consistently around £3,000 to £3,500, indicating a small but positive equity base. Current liabilities are low (£1,212 in 2024), leading to a positive working capital position (£3,471). The company holds no fixed assets, implying limited collateral value. Share capital is minimal (£100), and reserves are small but positive. The slight reduction in net assets and cash compared to the previous year suggests limited growth or possible reinvestment in operations or working capital use.

3. Cash Flow Assessment:
   Cash at bank decreased significantly from £9,045 in 2023 to £4,683 in 2024, which could indicate increased operating expenses or investment spending. The company’s current liabilities have fallen substantially from £12,961 in 2023 to £1,212 in 2024, improving liquidity ratios and reducing short-term obligations. The net current assets remain positive, signaling adequate short-term liquidity, but the low absolute cash balance limits the company’s ability to absorb shocks or delays in receivables. The absence of trade debtors in 2024 may reflect faster collections or reduced credit sales.

4. Monitoring Points:

• Cash balances and cash flow trends, to ensure sufficient liquidity for operational needs and debt servicing.
• Timeliness of accounts and confirmation statement filings (currently up-to-date).
• Changes in trade debtors and creditors to detect any payment delays or credit risk build-up.
• Business growth and profitability trends as more data becomes available, given the company’s young age.
• Management conduct and governance, noting the director and secretary are related individuals which could influence decision-making dynamics.