ASHMOR DEVELOPMENTS LIMITED

Executive Summary

Ashmor Developments Limited has improved its financial position significantly since 2021, moving from negative equity to a solid net asset and liquidity base as of January 2024. While the current balance sheet strength supports credit exposure, the company's micro status and limited operational data necessitate conditional credit approval with close monitoring of future financial performance and cash flow stability. Continued oversight will ensure early detection of any adverse trends.

ASHMOR DEVELOPMENTS LIMITED - Analysis Report

Company Number: 12845268

Analysis Date: 2025-07-29 15:13 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Ashmor Developments Limited shows a significant turnaround from a negative net asset position in 2021 to positive equity and net current assets as of January 2024. The company's current assets significantly exceed current liabilities, indicating improved short-term liquidity and a stronger working capital position. However, as a micro-entity with minimal turnover information and no employees, this business appears to be in early stages of development or operating at a low scale, which poses some risk. Credit approval should be conditional on continued positive cash flow trends and updated financials to confirm ongoing financial stability.

2. Financial Strength:
   The balance sheet as of 31 January 2024 shows fixed assets of £50,000 and current assets of £79,624 against minimal current liabilities of £3,116, resulting in net current assets of £76,508. The total shareholders’ funds stand at £126,508, reflecting a strong equity base for a company of this size. This is a marked improvement from the 2021 position where liabilities exceeded assets by £51,491. The company’s financial strength is currently adequate for credit exposure typical of micro-enterprises, but the absence of detailed revenue or profitability data limits deeper assessment of operational sustainability.

3. Cash Flow Assessment:
   Current assets substantially exceed current liabilities, suggesting healthy liquidity and the ability to meet short-term obligations. The increase in current assets from zero in 2021 to £79,624 in 2024 could indicate accumulation of cash or receivables, improving working capital. However, the lack of employee expenses and turnover data implies limited operating activity, which could affect consistent cash flow generation. Continuous monitoring of cash inflows and outflows is advised to ensure the business can service debt and operational expenses reliably.

4. Monitoring Points:

• Future trading and turnover figures to confirm revenue generation and operational viability.
• Updated annual accounts to verify if positive net asset position is sustained.
• Cash flow statements or bank statements to assess liquidity trends more granularly.
• Director conduct and management decisions given the company’s relatively recent incorporation and turnaround from losses.
• Any changes in industry conditions affecting real estate development and letting activities (SIC codes 68209 and 41100).