BOXED IN STORAGE NETHAM LIMITED

Executive Summary

Boxed In Storage Netham Limited is a small, newly established warehousing business with a positive net asset and working capital position, supported by reasonable cash holdings. While initial financials are sound, limited trading history means credit approval should be conditional on continued trading performance and cash flow monitoring. The company presently appears capable of meeting short-term liabilities and servicing modest credit facilities.

BOXED IN STORAGE NETHAM LIMITED - Analysis Report

Company Number: 14459682

Analysis Date: 2025-07-20 19:14 UTC

1. Credit Opinion: APPROVE with caution
   Boxed In Storage Netham Limited is a newly incorporated company (Nov 2022) operating in warehousing and storage, currently active with no overdue filings. The company shows a positive net asset position and net current assets, indicating initial financial stability. However, being a start-up with a short trading history and modest asset base limits the depth of credit assessment. Approval is recommended with conditions including ongoing monitoring of trading performance and cash flow, as well as verification of revenue growth to ensure debt servicing capability as credit exposure grows.

2. Financial Strength:
   The balance sheet as at 30 November 2023 shows total fixed assets of £103, negligible relative to current assets of £32,244. Current liabilities stand at £20,022 giving net current assets of £12,222, which supports short-term liquidity. Shareholders’ funds of £12,325 reflect initial equity injection and retained earnings consistent with first-year operations. The company is small, with 2 employees, and meets the small company exemption for audit. No long-term liabilities are reported. Overall, the balance sheet portrays a modest but solvent financial position typical of a start-up.

3. Cash Flow Assessment:
   Cash at bank is £17,879, representing over half of current assets, which provides a reasonable liquidity buffer. Debtors total £14,365 with a significant portion (£5,000) owed by a related party (Boxed In Storage Ltd), introducing some counterparty risk but also interconnected business support. Current liabilities of £20,022 include trade creditors and tax/social security obligations, which appear manageable given available cash and receivables. Working capital is positive, indicating the company can meet short-term obligations without external financing at this stage.

4. Monitoring Points:

• Revenue growth and profitability trends over the next 1-2 years to confirm sustainable cash generation.
• Timely settlement of trade creditors and tax liabilities to avoid liquidity strain.
• Related party transactions and their impact on cash flow and credit risk.
• Management’s ability to scale operations and control costs as the business expands.
• Any changes in ownership or director appointments affecting company control.