Company Number: 13454502

Analysis Date: 2025-07-20 18:15 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Bowshers Dog Ltd is a micro private limited company engaged in raising other animals. The company shows a positive net asset base and a small but stable working capital position. However, the company is very small with minimal employees and limited asset base, indicating a modest scale of operations. Given the limited size and recent incorporation (2021), credit facilities should be considered with caution and possibly limited in size. Approval should be conditional on continued positive financial performance and timely filing of accounts.

2. Financial Strength:
   The company has net assets of £10,339 as of June 2024, down slightly from £11,450 the prior year. Total current assets stand at £13,305 with current liabilities only £2,066, resulting in net current assets (working capital) of £11,239. The balance sheet reflects a sound liquidity buffer relative to liabilities, indicating manageable short-term obligations. The decline in net assets year on year is minor and may reflect reinvested earnings or small operational fluctuations. Overall, the balance sheet is stable but very modest in scale.

3. Cash Flow Assessment:
   The company maintains positive net current assets and low current liabilities, suggesting adequate liquidity for near-term obligations. However, with only one employee and small asset base, cash flows are likely limited and sensitive to operational risks. There is no audit or detailed cash flow statement available, so underlying cash flow quality cannot be fully assessed. Continued monitoring of timely payments and working capital trends is recommended.

4. Monitoring Points:

• Watch for any material declines in net assets or working capital that could signal liquidity stress.
• Monitor timely filing of accounts and confirmation statements to ensure compliance and transparency.
• Track changes in employment levels or operational scale that impact cash flow capacity.
• Review any director changes or PSC updates, given the sole director and shareholder control by Emma Greenwood.
• Check for expansion plans or capital injections that may affect financial risk.