ALLDAY & MILLER LTD

Executive Summary

ALLDAY & MILLER LTD exhibits a solid and improving financial position with strong liquidity and increasing equity. The company’s balance sheet shows good working capital management and the ability to meet short-term obligations comfortably. Credit facilities can be approved based on current financial strength and stable management oversight.

ALLDAY & MILLER LTD - Analysis Report

Company Number: 12749733

Analysis Date: 2025-07-29 15:07 UTC

1. Credit Opinion: APPROVE

AllDay & Miller Ltd presents a stable financial profile with improving liquidity and equity over recent years. The company has demonstrated consistent net current asset growth and increased shareholders' funds, indicating sound financial management. There are no overdue filings or legal concerns, and directors have clear control and vested interest. The company operates in the real estate agency sector, which can be sensitive to economic cycles but currently shows resilience in its balance sheet. Given these factors, the company is deemed capable of servicing credit facilities.

2. Financial Strength:

• Shareholders’ funds increased from £237k in 2023 to £372k in 2024, reflecting retained earnings growth.
• Net current assets improved significantly to £366k in 2024 from £237k prior year, showing better short-term financial health.
• Fixed assets are minimal (£6.7k), consistent with the real estate agency activity, focusing on current asset management.
• Current liabilities reduced from £355k to £298k, indicating improved management of short-term obligations.
• The company has a low share capital (£2), typical for private limited companies but equity is supported by reserves.
• Overall, the balance sheet shows a strengthening equity base and adequate buffer over current liabilities, reducing financial risk.

3. Cash Flow Assessment:

• Cash holdings rose to £503k in 2024 from £457k in 2023, indicating strong liquidity.
• Debtors increased moderately to £161k, but remain manageable relative to cash and liabilities.
• The company maintains a comfortable net current asset position (£366k), showing sufficient working capital to meet short-term debts.
• Creditors decreased by £57k, with tax and social security liabilities rising slightly but offset by lower other creditors.
• The company has demonstrated effective cash flow management, with substantial available cash to cover short-term commitments.

4. Monitoring Points:

• Monitor debtor days and credit control to ensure receivables remain collectible and do not strain liquidity.
• Watch for fluctuations in current liabilities, especially tax and social security obligations, to avoid cash flow squeezes.
• Track economic conditions impacting the real estate market, which could affect company turnover and profitability.
• Review any changes in director control or ownership concentration that could affect governance or financial decisions.
• Confirm continued timely filing of accounts and confirmation statements to maintain compliance and transparency.