Company Number: 15353359

Analysis Date: 2025-07-29 20:19 UTC

1. Credit Opinion: APPROVE (with standard monitoring)
   Boltzmann Consulting Ltd is a newly incorporated micro-entity operating in the IT consultancy sector. The company shows a positive net asset position and no overdue filings. Given the limited operating history (less than two years), risk is somewhat elevated, but current financials demonstrate a modest working capital surplus and no signs of financial distress. The single director/majority shareholder appears to maintain full control with no adverse records, indicating sound governance at this early stage. Credit approval is recommended with careful monitoring of trading performance and cash flow development as the business matures.

2. Financial Strength:
   The company reported net assets of £3,477 as at 31 December 2024, reflecting a positive equity base after its first full accounting period. Current assets stand at £13,901 against current liabilities of £10,425, leaving net current assets of £3,477. This modest working capital surplus suggests the company can meet short-term obligations without liquidity strain. However, the absolute scale of operations is very small, consistent with micro-entity status, and the balance sheet size limits financial cushioning against shocks.

3. Cash Flow Assessment:
   The accounts do not disclose detailed cash flow statements, but the working capital position indicates a reasonable short-term liquidity buffer. The company’s ongoing viability depends heavily on generating consistent consulting revenues to cover its operating expenses. With only one employee (the director), overheads are likely minimal, improving cash flow sustainability. Monitoring cash receipts and creditor payments will be vital to ensure timely servicing of obligations as business volume grows.

4. Monitoring Points:

• Revenue growth and profitability trends in upcoming accounting periods to assess scalability and margin improvement.
• Cash flow dynamics, particularly timely collections and creditor settlements, to prevent liquidity bottlenecks.
• Director’s ongoing involvement and any changes in ownership or management structure that could affect control or financial strategy.
• Compliance with filing deadlines and maintaining up-to-date statutory records.
• Potential exposure to sector-specific risks in IT consultancy and adaptability to market conditions.