Company Number: 14499612

Analysis Date: 2025-07-20 15:57 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Ball Orthopaedics Ltd is a recently incorporated micro private limited company active in the general medical practice sector. The company shows a healthy net asset position and positive working capital. However, given its short trading history (just over one year) and lack of audited financials, credit should be extended cautiously and monitored closely. Approval is conditional on continued positive cash flow and timely submission of future accounts.

2. Financial Strength:
   The balance sheet as at 31 December 2023 reflects total net assets of £362,018, with fixed assets negligible at £1,916 and current assets of £502,547 against current liabilities of £142,445. This results in strong net current assets of £360,102, indicating good short-term financial strength. Shareholders' funds equal net assets, showing no external long-term borrowings, which limits financial risk.

3. Cash Flow Assessment:
   The company’s strong net current assets suggest adequate liquidity to meet short-term obligations. The current liabilities are well covered by current assets, implying sufficient working capital to support operational needs. However, no detailed cash flow statement or profit & loss figures are provided, so assessment is limited. The small number of employees (2) and micro categorization suggest a lean operation with controlled costs.

4. Monitoring Points:

• Future financial filings to confirm consistent liquidity and profitability.
• Any significant increase in current liabilities or reduction in net current assets.
• Changes in directors or significant control that may impact governance.
• Growth in turnover and employee count to assess scalability and operational risk.
• Timely filing of accounts and confirmation statements to avoid compliance risks.