ASK GLOBAL ACCOUNTANCY SERVICES LTD

Executive Summary

ASK GLOBAL ACCOUNTANCY SERVICES LTD presents a stable micro-entity profile with improving net assets and positive working capital, supporting its capacity to meet short-term obligations. While financial strength is limited by scale, no immediate credit risks are evident. Conditional approval is recommended with ongoing liquidity monitoring and updated financial information to mitigate risk.

ASK GLOBAL ACCOUNTANCY SERVICES LTD - Analysis Report

Company Number: 13114766

Analysis Date: 2025-07-20 11:15 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   ASK GLOBAL ACCOUNTANCY SERVICES LTD shows modest but consistent net asset growth and positive working capital over the last three years, indicating the company can meet its short-term liabilities. However, given its micro-entity size, limited capital base (£100 share capital), and relatively low absolute asset values, the company’s financial strength is modest. Approval is recommended with conditions such as monitoring ongoing cash flow and requiring updated management accounts before extending material credit lines.

2. Financial Strength:
   The company’s net assets have increased from £319 in 2021 to £670 in 2024, reflecting incremental retained earnings and a strengthening equity base. Current assets have more than doubled from £1,809 to £3,808 over two years, while current liabilities increased but remain well covered (2024 net current assets of £1,053). The balance sheet indicates a positive but small buffer, typical for a micro-entity. The small capital base and limited fixed asset holdings imply vulnerability to unexpected financial shocks.

3. Cash Flow Assessment:
   Positive net current assets and low levels of creditors relative to current assets suggest the company maintains sufficient short-term liquidity. The increase in average employees from 2 to 4 may imply growth in operations, potentially increasing working capital needs. There is no detail on cash flow statements, but balance sheet trends suggest the company manages its payables and receivables adequately. Continued monitoring of cash flow is advised to ensure timely debt servicing.

4. Monitoring Points:

• Watch for any significant increases in current liabilities that reduce liquidity.
• Monitor cash flow via interim management accounts to confirm ongoing ability to meet obligations.
• Track changes in employee numbers and associated costs as an early indicator of operational scale and risk.
• Review any changes in shareholder funding or capital injections that may affect solvency.
• Ensure compliance with filing deadlines continues to avoid regulatory risks.