Company Number: 13592914

Analysis Date: 2025-07-20 11:26 UTC

1. Credit Opinion: APPROVE with conditions. BEN SMITH CONSULTANCY LIMITED is a micro entity with limited financial history due to recent incorporation in 2021. The company has demonstrated a positive turnaround in working capital and net assets in the latest financial year, indicating improving financial health. However, the modest size and absence of employees mean the business risk is higher and depends heavily on the sole director. Credit approval should be conditional on continued monitoring of financial performance and cash flow stability.

2. Financial Strength: The balance sheet as of 31 August 2024 shows total net assets of £26,401, up from zero the previous year, reflecting growth in current assets to £37,502 and controlled current liabilities of £11,101. The company has no long-term liabilities and no fixed assets recorded, typical for a micro consultancy. The increase in shareholders’ funds indicates retained earnings or new capital injection. Overall, the financial position is currently sound but modest in scale.

3. Cash Flow Assessment: The net current assets of £26,401 show adequate short-term liquidity with current assets exceeding current liabilities by a comfortable margin. The company’s working capital position has improved substantially from breakeven in prior years, suggesting better cash flow management or increased receivables and cash holdings. The absence of employees and fixed assets likely reduces cash outflow pressures, but limited data on operating cash flow is available. Ongoing liquidity monitoring is advised.

4. Monitoring Points:

• Maintain watch on continued growth in net current assets and profitability.
• Track any changes in director control or new appointments that could impact governance.
• Review future accounts for evidence of revenue growth or cash flow volatility.
• Monitor any increase in liabilities or off-balance sheet commitments.
• Verify timely filing of accounts and confirmation statements to avoid compliance risk.