Company Number: 12624175

Analysis Date: 2025-07-20 15:18 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   BEEGREEEEN LIMITED is an active private limited company operating in online retail (SIC 47910). The company has shown a significant recovery in net assets from a negative £41k in 2021 to a positive £23k in 2024, indicating improved financial stewardship under the sole director. However, current liabilities remain notable at £25k with limited fixed assets and a small workforce (1 employee). The company's small scale and modest equity base suggest some vulnerability to adverse trading conditions. Credit should be extended with conditions to monitor liquidity and timely servicing of short-term obligations.

2. Financial Strength:

• Net assets have improved materially from negative equity in 2021 to £23,259 in 2024, reflecting retained earnings of £23,258 and minimal share capital (£1).
• The balance sheet shows low tangible fixed assets (£1,837), typical for an internet retail business.
• Current liabilities have decreased substantially from £80,000 in 2021 to £25,014 in 2024, improving working capital.
• No long-term debt is reported as of 2024, removing concerns about long-term leverage.

3. Cash Flow Assessment:

• Cash holdings have declined from £66k in 2023 to £44k in 2024 but remain healthy relative to current liabilities (£25k).
• Net current assets of £21,771 support short-term liquidity, with cash comprising the majority of current assets.
• Debtors are low (£2,443), indicating limited credit risk from receivables.
• The company’s ability to generate positive net current assets and maintain cash buffers suggests adequate short-term liquidity to meet obligations.

4. Monitoring Points:

• Watch cash reserves and net current assets closely, especially given the reduction in cash year-on-year. Liquidity stress could emerge if cash falls below current liabilities.
• Monitor any growth in current liabilities or long-term borrowing that could strain the balance sheet.
• Confirm continued profitability and accumulation of reserves to build financial resilience.
• Assess director’s management as sole controlling shareholder for governance and oversight, especially given small scale and limited staff.