ANCHOR CUSTOMS LIMITED

Executive Summary

Anchor Customs Limited is a very young micro-entity with minimal financial resources and almost no liquidity buffer. Its current balance sheet position and cash flow indicators suggest insufficient capacity to meet debt obligations or sustain credit facilities at this time. Without stronger financials or additional security, credit approval is not recommended.

ANCHOR CUSTOMS LIMITED - Analysis Report

Company Number: 14862151

Analysis Date: 2025-07-20 17:19 UTC

1. Credit Opinion: DECLINE
   Anchor Customs Limited is a newly formed company (incorporated May 2023) with limited operating history and minimal financial data available. The latest accounts show very modest net current assets (£90) and shareholders’ funds (£90), indicating a very thin equity base. Current liabilities nearly match current assets, leaving almost no liquidity buffer. The company’s cash position is negligible (£22), and debtors make up nearly all current assets, which raises concerns about cash conversion reliability. Given the lack of profitability data, absence of an income statement, and minimal tangible financial strength, the company does not demonstrate sufficient capability to service debt or absorb financial shocks at this time. The directors’ limited operational period and recent changes in management add uncertainty to governance stability. Thus, credit facilities are not recommended without substantial additional security or guarantees.

2. Financial Strength
   The balance sheet reflects a micro-entity status with very limited capital resources. Fixed assets are not reported, and net current assets are marginally positive at £90, implying negligible working capital. Shareholders’ funds are low (£90), with a small negative profit and loss reserve (£10 loss), showing no retained earnings or cushion for losses. The company is reliant on its debtors to fund operations, which may be risky if collections slow. Overall, the financial position is fragile and highly sensitive to adverse events.

3. Cash Flow Assessment
   Cash at bank is virtually non-existent (£22), indicating very tight liquidity. Current liabilities (£5,815) are almost equal to current assets (£5,905), leaving minimal net current asset buffer (£90). The company’s cash conversion cycle and working capital management cannot be fully assessed due to lack of detailed turnover or cash flow statements. The high reliance on debtors for current assets suggests potential liquidity risk if customers delay payments. Without more robust cash reserves or access to external funding, the company faces challenges meeting short-term obligations comfortably.

4. Monitoring Points

• Monitor debtor collection efficiency and aging to ensure cash inflows remain timely.
• Track quarterly management accounts or interim financials to assess revenue growth and profitability trends.
• Watch for any changes in shareholder structure or director appointments that may affect governance.
• Review subsequent filings for improvements in cash reserves or working capital position.
• Keep an eye on any credit facilities requested and the company’s ability to service these without delay.