BARTON CIVILS LTD

Executive Summary

Barton Civils Ltd is a newly established micro civil engineering company showing early signs of financial health with growing net assets and positive working capital. While the company appears capable of meeting its current liabilities, its limited operating history and single director ownership warrant cautious credit extension subject to ongoing monitoring of financial performance and compliance. Overall, it presents a manageable credit risk for modest facilities.

BARTON CIVILS LTD - Analysis Report

Company Number: 14603232

Analysis Date: 2025-07-29 20:32 UTC

1. Credit Opinion: APPROVE with conditions. Barton Civils Ltd is a micro private limited company recently incorporated in 2023, operating in civil engineering projects. The company has demonstrated positive net assets and working capital growth in its first two full years of trading, indicating initial financial stability and ability to meet short-term obligations. However, as a micro-entity with limited operating history and single director ownership, further credit should be extended cautiously, preferably with covenants or limits tied to ongoing financial performance and timely filing compliance.

2. Financial Strength: The company shows a modest but improving balance sheet with net assets increasing from £100 at incorporation to £5,991 in the latest financial year ending January 2025. Fixed assets are minimal (£885), reflecting limited capital investment, which is typical for a young civil engineering firm. Positive net current assets (£5,106) suggest good short-term liquidity and working capital management. Shareholders’ funds mirror net assets, all held by the sole director, indicating no external equity dilution.

3. Cash Flow Assessment: Current assets increased significantly from £100 to £12,745, while current liabilities rose to £7,639, resulting in net current assets of £5,106. The cash figure in 2024 was only £100, but the increase in current assets by 2025 points to improved cash, receivables, or inventory levels, which supports operational liquidity. The positive working capital position implies the company can cover its short-term debts, though detailed cash flow statements would be needed for more granular analysis. Given the small size and single employee, cash flow volatility risk is moderate.

4. Monitoring Points:

• Continued growth in net assets and working capital to confirm financial stability.
• Timely submission of accounts and confirmation statements to avoid regulatory risk.
• Creditors and debtor aging analysis to monitor cash conversion cycles.
• Monitor director’s conduct and any changes in ownership or management.
• Business revenue and profitability trends to evaluate operational sustainability.
• Potential impact of economic cycles on civil engineering demand.