Company Number: 13100680

Analysis Date: 2025-07-20 11:24 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   AYSO & ISI LIMITED is a micro-entity operating in the food service sector (take-away and unlicensed cafes). The company is active, with current filings up to date and no overdue accounts or confirmation statements, indicating compliance discipline. However, the financials show modest net assets (£372) and a decline from prior years, with net current liabilities noted in the latest year. The company’s small scale and limited capital base suggest some vulnerability to cash flow fluctuations. Credit facilities can be approved on condition of ongoing monitoring of liquidity and timely repayments.

2. Financial Strength:
   The balance sheet reveals fixed assets of approximately £2,700 and current assets of £3,648 against current liabilities of £4,398, resulting in net current liabilities of £750 as of February 2024. Total net assets stand at £372, a slight increase from £231 in 2023 but down from £138 in 2022. The company shows a relatively thin equity base with limited retained earnings. Long-term liabilities have decreased from £2,842 to £1,601, improving gearing somewhat. Overall, the financial position is modest but stable for a micro-entity, though the current liabilities surpass current assets, indicating working capital constraints.

3. Cash Flow Assessment:
   The negative net current assets position as of the latest year-end signals a working capital deficit, potentially impacting the company’s ability to meet short-term obligations without additional financing or improved cash collection. The average employee count of 2 reflects a lean operation but also limited operational scale. Given the nature of the business (food takeaway), cash turnover is likely significant but not reflected in the balance sheet metrics. Close attention is required on cash flow statements (not provided) and payment patterns to ensure liquidity remains sufficient to service debts.

4. Monitoring Points:

• Watch net current assets and liquidity trends closely to avoid cash shortages.
• Monitor the reduction or increase in current liabilities and long-term debts.
• Track timely submission of accounts and confirmation statements to maintain compliance.
• Observe any changes in ownership or management that may impact credit risk.
• Review operational performance indicators such as turnover growth and margin stability when available.