Company Number: 13248264

Analysis Date: 2025-07-20 12:59 UTC

1. Credit Opinion: APPROVE with caution. BESPOKE LIFTS LTD is a very young micro-entity showing strong growth in net assets and working capital over three years. The company has demonstrated the ability to build a positive balance sheet and maintain adequate liquidity. The director holds significant share control and appears committed. However, the small scale, limited operating history, and single employee mean exposure to risk remains elevated. Lending should be sized conservatively with conditions to monitor ongoing financial performance.

2. Financial Strength: The balance sheet shows a healthy upward trajectory. Net assets increased from £100 in 2021 to £42,185 in 2024, driven primarily by a significant rise in current assets (mainly cash or receivables) from £100 to £96,342 and a manageable increase in current liabilities to £55,795. Fixed assets remain minimal (£1,638 in 2024), typical of a service/manufacturing SME with limited capital expenditure. The company’s shareholders’ funds equal net assets, evidencing no external debt or long-term liabilities, which is a positive indicator of financial stability.

3. Cash Flow Assessment: The large positive net current assets of £40,547 at 31 March 2024 indicate good short-term liquidity and working capital sufficiency to meet liabilities due within one year. The growth in current liabilities is notable but comfortably covered by current assets. The company likely maintains positive cash flow from operations or has injected equity to support growth. With only one employee, fixed overheads are low, supporting manageable cash outflows. However, detailed cash flow statements would be needed for a comprehensive assessment.

4. Monitoring Points:

• Continued growth and stability of net current assets and net assets to ensure liquidity remains robust.
• Monitoring of current liabilities growth relative to current assets to avoid potential liquidity squeeze.
• Profitability trends and cash flow from operations as future accounts become available.
• Business diversification and client base expansion to reduce risk linked to a single director and small workforce.
• Director’s ongoing involvement and any changes in shareholding or control that could affect governance.