Company Number: 14502550

Analysis Date: 2025-07-29 12:49 UTC

1. Credit Opinion: APPROVE
   ALTAI TECHNOLOGIES LTD demonstrates a stable financial position with positive net assets and strong liquidity. The company has grown its net assets from £56,194 in 2023 to £90,665 in 2024, indicating an improving financial trajectory. The director, who is also the principal shareholder, shows commitment and control, reducing governance risk. No adverse filings or overdue returns are noted. Given its early stage (incorporated in late 2022) and sound financial footing, the company appears capable of servicing debt and meeting commercial obligations.

2. Financial Strength:
   The balance sheet shows modest fixed assets (£3,215) but significant current assets primarily held in cash (£135,451), with no reported debtors as of 2024, improving asset quality. Current liabilities decreased to £48,001 from £58,263, strengthening the working capital position. Shareholders’ funds rose to £90,665, reflecting retained earnings and capital injection, which is a positive sign of capital adequacy for this micro-sized software development company.

3. Cash Flow Assessment:
   Cash position is strong with £135,451 in cash at year-end, providing ample liquidity to cover short-term liabilities of £48,001. The net current assets of £87,450 reflect good working capital management. Absence of trade debtors in 2024 may indicate efficient cash collection or a change in operating cycle. Overall, liquidity ratios appear robust, ensuring the company can meet immediate financial obligations comfortably.

4. Monitoring Points:

• Track revenue growth and profitability trends in future accounts to confirm sustainable cash generation.
• Monitor any increase in trade creditors or borrowing that might affect liquidity.
• Observe changes in debtor balances, given the zero position in 2024 could reflect operational shifts.
• Keep an eye on director’s ongoing involvement and any changes in ownership structure or governance.
• Watch for timely filing of future accounts and confirmation statements to avoid compliance risks.