Company Number: 14517757

Analysis Date: 2025-07-20 17:18 UTC

1. Credit Opinion: APPROVE with conditions
   Alldis Capital Ltd is a newly incorporated micro private limited company operating in real estate management and agency services. Despite its brief trading history (first accounts cover just over one year), the company shows positive net current assets and shareholders' funds, indicating initial financial stability. However, limited financial history and a single director/owner structure warrant close monitoring. Approval is recommended with conditions to review updated financials and cash flow performance periodically.

2. Financial Strength:
   The balance sheet as at 31 December 2023 shows total current assets of £34,661 against current liabilities of £8,200, resulting in net current assets of £26,461. There are no long-term liabilities reported, and net assets equal shareholders’ funds at £26,461, reflecting a modest but positive equity base. The company is debt-light and carries no apparent gearing risk at this stage. As a micro-entity, asset base is limited but sufficient for initial trading activities in property management.

3. Cash Flow Assessment:
   Current assets mainly include cash and receivables sufficient to cover short-term liabilities, yielding a healthy current ratio of approximately 4.2x (34,661/8,200). This indicates good short-term liquidity and working capital management. However, the absence of detailed cash flow statements and profit & loss figures limits the ability to fully assess operating cash generation and sustainability. The business will require monitoring of cash inflows from property management fees to ensure ongoing debt servicing capability.

4. Monitoring Points:

• Track subsequent annual accounts for revenue growth, profitability, and cash flow generation.
• Monitor working capital trends to detect any tightening liquidity.
• Review director’s compliance with filing deadlines and any changes in ownership or governance.
• Watch for any increase in liabilities or external financing that could impact leverage and repayment capacity.
• Assess market conditions in the real estate sector impacting contract renewals and fee income stability.