Company Number: 13789997

Analysis Date: 2025-07-20 17:06 UTC

1. Credit Opinion: APPROVE
   Assetgoods Ltd demonstrates a stable financial position with positive net assets and shareholders' funds growth over two years. The absence of overdue filings and a consistent director presence indicate sound governance. While the company is micro in size and early in its lifecycle, the balance sheet strength and liquidity support capability to meet debt obligations. Credit approval is recommended with standard monitoring given limited operating history and modest scale.

2. Financial Strength:
   As of 31 December 2023, the company has net assets of £24,625, up from £20,317 in 2021, reflecting modest growth in equity. Fixed assets increased to £16,062 from £9,504, indicating investment in long-term resources. Current assets of £25,707, combined with current liabilities effectively covered by long-term creditors (£15,382), result in positive net current assets (£25,745). The balance sheet shows a conservative capital structure with no short-term creditor pressure.

3. Cash Flow Assessment:
   Current assets exceed current liabilities, providing adequate working capital to support day-to-day operations. The company's accruals and deferred income (£1,800) are moderate and do not materially affect liquidity. Given the micro-entity status and no indication of cash flow problems, liquidity appears sufficient to cover short-term obligations and support ongoing business activities.

4. Monitoring Points:

• Continue monitoring net current assets and liquidity ratios to ensure working capital remains positive.
• Watch for any significant increase in current liabilities or late filings that could indicate operational stress.
• Track turnover and profitability metrics when available to assess revenue growth and earnings stability.
• Review director conduct and control changes for any governance concerns.