ARTISSIMO LIMITED

Executive Summary

Helmsley Healthcare Limited demonstrates a small but positive net asset base and good short-term liquidity, albeit with significant fluctuations in current assets that require further clarification. The company’s financial transparency is limited due to micro-entity reporting exemptions and lack of audit, warranting conditional credit approval with close ongoing monitoring of cash flow and working capital. Concentrated ownership and control add both stability and risk, necessitating scrutiny of governance and financial support arrangements going forward.

HELMSLEY HEALTHCARE LIMITED - Analysis Report

Company Number: 12776243

Analysis Date: 2025-07-29 16:31 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Helmsley Healthcare Limited is a micro private limited company operating in residential care for the elderly and disabled. The company has a very modest balance sheet with low current assets and liabilities, and no employees recorded. While the company shows positive net current assets and shareholders’ funds, the significant drop in current assets from £355,001 in 2022 to £72,428 in 2023 and the related reduction in current liabilities suggest unusual fluctuations in working capital. The absence of profit/loss data and no audit or detailed financial performance disclosures limit a full assessment of operational profitability and cash generation. The company is controlled by a single entity and a director with significant control, which may provide stability but also concentration risk. Credit approval is recommended with conditions: require updated management accounts, confirmation of operational cash flow generation, and close monitoring of working capital and liquidity trends before committing to new or increased credit facilities.

2. Financial Strength
   The balance sheet shows total net assets of £70,673 at the 2023 year-end, up slightly from £64,801 in 2022. This reflects positive equity but at a very small scale consistent with a micro-entity profile. Current assets are mainly cash or equivalents given no employees or fixed assets are reported. The current liabilities are minimal (£1,755), leading to a strong net current asset position. However, the significant decrease in current assets compared to prior years warrants investigation into the underlying cause—whether it is due to repayment of liabilities, reduction of receivables, or other factors. The company’s capital structure is simple with only £1 share capital and retained reserves accounting for net assets.

3. Cash Flow Assessment
   The company’s liquidity appears adequate with net current assets of £70,673, indicating available working capital to meet short-term obligations. However, the drastic reduction in current assets from prior years may impact future liquidity. There is limited information on cash flow from operations or financing, but the lack of employees suggests minimal payroll obligations. The absence of audit and detailed notes means cash flow quality and predictability cannot be reliably assessed. Monitoring cash inflows and outflows and confirmation of ongoing revenue streams or financial support from controlling entities will be critical.

4. Monitoring Points

• Track changes in current assets and liabilities to detect liquidity stress early.
• Obtain periodic management accounts to confirm revenue and cash flow generation.
• Monitor reliance on related-party funding or shareholder loans.
• Review director and shareholder conduct and governance due to concentrated control.
• Watch for filing compliance and timely submission of confirmation statements and accounts.
• Assess any operational developments in the residential care sector affecting demand and profitability.