Company Number: 12569855

Analysis Date: 2025-07-19 12:40 UTC

1. Credit Opinion: APPROVE
   Boorman Group Ltd demonstrates a solid and improving financial profile with strong liquidity and growing net assets. The company shows consistent working capital surpluses and increasing shareholder funds, indicative of sound financial management. No adverse director conduct or overdue filings are noted. The business operates in a specialized construction segment which can be cyclical but currently presents no evident distress.

2. Financial Strength:
   The balance sheet shows progressive strengthening over four years: net assets have more than doubled from £117,691 in 2023 to £266,454 in 2024. Tangible fixed assets increased significantly, reflecting investment in plant and machinery (£61,503 in 2024 up from £25,736 in 2023), supporting operational capacity. The company has minimal share capital (£2), so equity strength is entirely from retained profits. Provisions have increased but remain modest relative to net assets.

3. Cash Flow Assessment:
   Cash at bank is strong and has doubled to £239,594 as at April 2024, providing ample liquidity to cover current liabilities of £72,405 comfortably (cash covers nearly 3.3x current liabilities). Net current assets at £220,327 show excellent short-term financial health and working capital management. Debtor levels decreased but remain reasonable and manageable. No bank borrowings or overdrafts reported, indicating low financial leverage.

4. Monitoring Points:

• Monitor the increase in provisions (up from £4,846 to £15,376) for potential contingent liabilities or ongoing risks.
• Watch debtor days and creditor turnover to ensure cash flow remains robust as the business grows.
• Keep track of sector cyclical risks inherent in specialized construction activities and potential economic impacts.
• Maintain oversight of director appointments and company filings to ensure compliance and governance standards are upheld.