BOBI UTILITIES LTD

Executive Summary

BOBI UTILITIES LTD shows a healthy and improving financial position with strong liquidity and increasing net assets, supported by prudent management evidenced by timely filings. The company’s micro-entity status and low fixed asset base reduce financial complexity and risk. Credit facilities can be approved with routine monitoring of working capital and liabilities.

BOBI UTILITIES LTD - Analysis Report

Company Number: 13060972

Analysis Date: 2025-07-19 12:04 UTC

1. Credit Opinion: APPROVE
   BOBI UTILITIES LTD demonstrates a solid financial position for a micro-entity with steadily improving net assets over four years. The company has no overdue filings, indicating good governance and compliance. Its net current assets have nearly doubled from £29k in 2022 to £54k in 2023, suggesting increased liquidity and ability to meet short-term obligations. The absence of debt beyond current liabilities and positive equity signals low financial risk. Overall, the company appears capable of servicing credit facilities.

2. Financial Strength:
   The balance sheet shows total net assets of £56,951 as of 31 December 2023, up from £32,338 in 2022. Fixed assets are minimal (£2,612) relative to current assets (£96,704), indicating the business is not asset-heavy but has sufficient working capital. Current liabilities have decreased significantly from £63,498 in 2022 to £42,365 in 2023, improving net current assets to £54,339. Shareholders’ funds have increased in line with retained earnings, reflecting profitability or capital injection. The capital base is small (£100 share capital) but supported by accumulated reserves.

3. Cash Flow Assessment:
   The working capital position is strong with net current assets of £54,339, nearly double the previous year, which implies good liquidity and ability to cover short-term liabilities comfortably. The increase in current assets mainly indicates cash or receivables growth, providing a buffer for operational needs and potential repayment of short-term credit. The company employs one staff member, keeping overheads low. No large fixed asset investments were made, preserving cash flow flexibility.

4. Monitoring Points:

• Maintain or improve net current assets to ensure ongoing liquidity.
• Monitor the trend in current liabilities to prevent sudden increases that could strain cash flow.
• Watch for any changes in payment patterns or overdue accounts.
• Track profitability and retained earnings growth to support equity.
• Confirm continued compliance with filing deadlines and regulatory requirements.