Company Number: 13617870

Analysis Date: 2025-07-20 14:38 UTC

1. Credit Opinion: CONDITIONAL APPROVAL. Amerc Dorset Limited is a small, relatively new private limited company (incorporated 2021) engaged in passenger land transport. The company shows positive net current assets and shareholders' funds, but the financial size and cash resources are minimal. The company’s cash and net assets have decreased significantly over the last 3 years, indicating a declining liquidity position. Given the limited financial scale and recent downward trends, credit facilities should be modest and closely monitored. Approval is conditional on maintaining or improving liquidity and profitability, with regular financial updates required.

2. Financial Strength: The company's balance sheet at 31 March 2024 shows minimal net assets of £177 and shareholders’ funds of £177, down from £444 in the previous year and £4,083 two years prior. Current assets stand at £1,341 with cash in hand of the same amount, while current liabilities total £1,164, leaving a small positive net working capital of £177. The absence of fixed assets and the reliance on cash and minimal creditors suggest a very lean operation. The significant decline in net assets and net current assets over recent years signals weakening financial strength and limited cushion against adverse events.

3. Cash Flow Assessment: Cash at bank decreased from £2,714 in 2023 to £1,341 in 2024, almost halving in twelve months. Current liabilities have also reduced from £2,270 to £1,164, but the net current asset margin has shrunk from £444 to £177, indicating tightening liquidity. The company has no reported employees and limited creditors, with some directors’ loan accounts included in liabilities (£383). The small cash base and diminishing net working capital highlight constrained operating cash flow and potentially limited capacity to absorb unexpected expenses or meet short-term liabilities without additional funding.

4. Monitoring Points:

• Cash balance and net current assets: monitor for stabilization or improvement.
• Profitability and turnover trends: assess when available to confirm operational viability.
• Directors’ loan accounts and any related party transactions: review for sustainability and repayment.
• Timely filing of accounts and confirmation statements to ensure compliance.
• Any increase in liabilities or changes in creditor composition that could pressure liquidity.
• Business development or contracts that may influence future cash flow positively.