Company Number: 12809760

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

1. Credit Opinion: APPROVE
   ALL ASBESTOS LIMITED demonstrates a solid financial position with consistent growth in net assets and working capital over the last three years. The company’s micro-entity status and absence of overdue filings indicate compliance and effective management. Despite limited fixed assets, the company maintains strong liquidity and manageable short- and long-term liabilities. The director’s full ownership and control suggest clear accountability and streamlined decision-making. Overall, the company appears well-positioned to service credit facilities with low risk.

2. Financial Strength:
   The balance sheet shows improving net assets, increasing from £33,109 in 2020 to £185,196 in 2023. Current assets grew substantially to £230,500 in 2023, while current liabilities slightly decreased, resulting in a healthy net current asset position of £183,448. The presence of £36,724 in creditors due after one year is moderate and does not jeopardize overall solvency. The company has no history of insolvency or liquidation status, indicating financial stability.

3. Cash Flow Assessment:
   Strong net current assets highlight adequate liquidity to meet short-term obligations. The increase in current assets (cash, debtors, stock) relative to current liabilities suggests good working capital management. The average number of employees increased modestly from 2 to 3, reflecting controlled operational scaling. No audit exemption raises some concerns about the depth of financial scrutiny, but as a micro-entity, this is standard practice. Overall, cash flow appears sufficient to cover debt servicing and operational needs.

4. Monitoring Points:

• Watch for any significant increase in long-term liabilities beyond current modest levels.
• Monitor turnover and profit figures (not provided here) for continued growth and cash generation.
• Ensure timely filing of accounts and confirmation statements to avoid compliance risk.
• Track ability to maintain or improve working capital ratios, especially if business expands.
• Observe director conduct and any changes in ownership or control that could impact governance.