APTUMEN LTD

Executive Summary

Aptumen Ltd is a start-up private limited company with modest financial resources and a working capital deficit, reflecting early stage development and investment in fixed assets. Cash balances are adequate but liabilities have grown, requiring careful liquidity management. Credit can be conditionally approved with conservative limits and regular financial monitoring to ensure ongoing repayment capability.

APTUMEN LTD - Analysis Report

Company Number: 14416916

Analysis Date: 2025-07-29 18:57 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Aptumen Ltd is a very young company incorporated in late 2022 with limited trading history. The financials show a small net asset base (~£481) and a slight working capital deficit (£-571) at the latest year-end. While current liabilities have increased, cash balances have risen modestly, indicating some ability to meet short-term obligations. The director is also the sole shareholder, implying concentrated control and potentially swift decision-making. However, the company’s small scale, negative net current assets, and absence of significant trade debtors in the latest period increase the risk profile. Credit should be extended cautiously with limits aligned to the company’s modest financial strength and subject to regular review of liquidity and trading performance.

2. Financial Strength:
   The company’s net assets are positive but minimal at £481, reflecting limited retained earnings and fixed assets of around £1,308. The balance sheet shows an increase in tangible fixed assets, suggesting investment in plant and machinery, but the current liabilities (£11,100) slightly exceed current assets (£10,529), resulting in a working capital deficit. The provisions for liabilities have increased to £256, which should be clarified. Overall, the balance sheet is thinly capitalized with limited buffer to absorb shocks.

3. Cash Flow Assessment:
   Cash increased from £8,513 to £10,529 over the year, which is a positive sign. However, the absence of trade debtors in the latest accounts suggests either improved collection or possibly reduced sales on credit. The company is reliant on cash rather than receivables for liquidity. Current liabilities have risen, primarily from taxation and social security, which the company must manage carefully. The director’s loan account is minimal (£443), reducing risk of related-party funding concerns. The negative net current assets position is a concern and monitoring working capital movements is critical.

4. Monitoring Points:

• Track cash flow closely, especially management of tax and social security liabilities.
• Monitor net current assets to ensure working capital remains positive or at least stable.
• Review turnover and debtor trends once available to assess business growth and cash conversion cycle.
• Keep watch on fixed asset investments and whether they are generating returns or straining liquidity.
• Evaluate director’s ongoing support and any changes in capital structure or external funding.