Company Number: 12490769

Analysis Date: 2025-07-20 15:08 UTC

1. Credit Opinion: DECLINE
   Bespoke Properties Services Ltd is currently in a weak financial position, displaying significant net current liabilities and a negative net asset position as of the latest accounts (year ending March 2024). The company's net current liabilities deteriorated sharply from a positive £30 in 2023 to a negative £15,618 in 2024, signaling liquidity stress and potential difficulties in meeting short-term obligations. The lack of positive equity (shareholders funds are negative £15,618) further indicates financial instability. Given these factors, the company is not currently a reliable candidate for new credit facilities without substantial improvement or guarantees.

2. Financial Strength:
   The balance sheet reveals a rapid decline in financial strength over the last year. While prior years showed modest positive net assets and net current assets, the 2024 accounts reflect a material deficit. Current liabilities have increased significantly to £20,286 against current assets of only £4,668, demonstrating strained liquidity and potential over-reliance on short-term creditors or unpaid obligations. The micro entity status suggests limited scale and financial resources, with minimal share capital (£1.00). The absence of fixed assets or other long-term assets reported further constrains collateral value.

3. Cash Flow Assessment:
   The negative net current assets position indicates working capital deficiencies, which typically manifest as cash flow challenges. There is no detailed cash flow statement provided, but the sharp increase in current liabilities relative to current assets strongly suggests liquidity constraints and limited operational cash buffers. The company reported an average of 2 employees, suggesting a small operational scale but still insufficient to offset the financial strain. Without evidence of improving cash inflows or external funding, the risk of payment delays or defaults is elevated.

4. Monitoring Points:

• Monitor quarterly or interim financial statements for signs of cash flow improvement or reduction in current liabilities.
• Watch for any director or shareholder injections of capital or external financing arrangements.
• Track payment behavior on existing credit facilities and supplier accounts for signs of distress.
• Review any changes in order book, contract wins, or business volume that may improve income streams.
• Observe director conduct and company status for early warnings of insolvency or restructuring efforts.