Company Number: 13792055

Analysis Date: 2025-07-20 15:28 UTC

1. Credit Opinion: APPROVE
   Aspegio Ltd is a micro private limited company incorporated in December 2021 and currently active with no signs of financial distress or overdue filings. The company shows a strong net asset position relative to its size, with positive working capital and shareholders’ funds. Ownership is concentrated under a single director who is also the sole controlling party, suggesting clear management accountability. Given the company's sound balance sheet, compliance with filing deadlines, and no adverse director conduct, it is assessed as capable of meeting its debt obligations for modest credit facilities.

2. Financial Strength:
   The latest filed accounts (year ended 31 March 2023) report total net assets of £146,944, comprising a small fixed asset base (£1,512) and significant current assets (£198,402). Current liabilities stand at £52,970, resulting in net current assets of £145,432, indicating strong short-term asset coverage of liabilities. The company’s balance sheet shows a clean capital structure with no long-term liabilities reported and positive equity, reflecting stable financial health for a micro-entity.

3. Cash Flow Assessment:
   Current assets largely consist of cash or equivalents and short-term receivables, providing adequate liquidity to cover current liabilities. The net working capital position is robust (£145k+), suggesting comfortable short-term cash flow to manage operational needs and service any credit facility. Limited employee headcount (1 employee including director) implies low overheads, further supporting positive cash flow prospects. However, detailed profit and loss data is unavailable, so ongoing profitability and cash generation cannot be fully assessed.

4. Monitoring Points:

• Monitor annual accounts for revenue growth and profitability trends once disclosed.
• Watch for any increase in current liabilities or deterioration of net working capital.
• Track any changes in director or ownership structure that may affect governance.
• Ensure continued timely filing of accounts and confirmation statements to avoid regulatory risk.
• Review any material changes in industry conditions impacting education and engineering consulting sectors.