Company Number: 12838850

Analysis Date: 2025-07-19 12:32 UTC

1. Credit Opinion: APPROVE
   ALGER LIMITED shows a strong and improving financial position with substantial net assets and consistently positive working capital. The company’s sole director holds full control and appears to maintain prudent financial stewardship. No overdue filings and a clean legal status further support creditworthiness. Given its stable asset base, low current liabilities, and growing equity, the company is capable of servicing modest credit facilities.

2. Financial Strength:
   The balance sheet reveals robust financial health. Net assets increased from £675k in 2023 to £815k in 2024, driven by growth in cash balances and retained earnings (profit and loss account improved by about £140k). Fixed assets are largely investments valued around £593k, supplemented by tangible assets recently acquired (£5.5k). Minimal current liabilities (£1.5k) compared to current assets (£218k) ensure strong liquidity coverage. Shareholders’ funds reflect solid equity backing.

3. Cash Flow Assessment:
   Cash at bank increased significantly from £82.5k to £218.3k year-on-year, indicating good cash generation or injection. The company maintains a very healthy net current asset position (£217k), which alleviates liquidity risk and supports operational flexibility. No significant short-term debt obligations suggest low refinancing risk in the near term.

4. Monitoring Points:

• Monitor profitability and retained earnings growth since profit & loss details are not fully disclosed.
• Watch for any material changes in fixed asset investments that could affect liquidity.
• Confirm ongoing compliance with filing deadlines and continued director oversight.
• Assess any expansion plans or changes in operating structure that might increase liabilities or capital needs.