Company Number: 12729799

Analysis Date: 2025-07-29 17:24 UTC

1. Credit Opinion: APPROVE with caution. Aronmere Limited is a small private limited company with a stable but modest financial position. The company shows positive net current assets and net assets over the last two years, recovering from earlier deficits. However, the absence of revenue recognition in the latest accounts (no debtors in 2024) indicates limited trading activity or delayed income recognition. The company is not in liquidation and has a sole controlling director with stable tenure, which supports continuity. Given the limited scale and low asset base, credit facilities should be modest and closely monitored.

2. Financial Strength: The balance sheet reflects a small but improving financial position. Net assets increased from £1,141 in 2023 to £1,489 in 2024, driven primarily by an increase in cash from £1,255 to £8,536 and elimination of debtors (£9,911 in 2023 to £0 in 2024). Current liabilities decreased from £10,025 to £7,047, improving working capital. Share capital remains minimal at £1.00, and shareholder funds correspond to net assets. The company holds no fixed assets, limiting collateral value.

3. Cash Flow Assessment: Liquidity improved significantly in the latest year, with cash increasing by over £7,000 to £8,536, providing reasonable short-term coverage of current liabilities (£7,047). Net current assets remain positive at £1,489, indicating working capital sufficiency. The absence of trade debtors in 2024 suggests either prepayment or delay in revenue recognition, which should be clarified. Reliance on amounts owed to group undertakings (£4,116) within creditors also suggests intra-group funding support.

4. Monitoring Points:

• Confirm the nature and timing of revenue recognition, given the removal of accrued income/debtors in 2024.
• Monitor cash flow trends and working capital to ensure ongoing liquidity.
• Watch creditor balances, especially amounts owed to group undertakings, for potential repayment risks.
• Assess any changes in director or ownership structure that could impact governance or financial oversight.
• Keep track of company filings to ensure continued compliance and timely reporting.