Company Number: 14672782

Analysis Date: 2025-07-29 13:56 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Bradley&Foote Partner Ltd is a newly incorporated micro-entity operating in the public houses and bars sector. While the company shows positive net assets and working capital, its financial history is limited to a single period of trading since incorporation in February 2023, which restricts a comprehensive assessment of its creditworthiness. The directors appear to maintain proper financial records and comply with filing requirements on time, which is positive. Given the limited trading history but adequate initial balance sheet strength, credit approval is recommended with conditions such as periodic financial review and monitoring of trading performance to ensure ongoing viability and debt service capacity.

2. Financial Strength:
   The latest unaudited accounts as at 29 February 2024 report fixed assets of £2,150 and current assets of £32,468 against current liabilities of £25,923, resulting in net current assets (working capital) of £6,545. After accounting for accruals and deferred income of £6,626, net assets stand at £2,069, which is positive but modest. The company’s shareholders’ funds equal net assets, indicating no external equity or retained earnings yet. The balance sheet reflects a stable start with sufficient short-term liquidity relative to liabilities but limited capital buffer.

3. Cash Flow Assessment:
   Current assets primarily consisting of cash and receivables provide a reasonable liquidity position against short-term obligations. The positive net current assets suggest the company can meet its operational liabilities. However, the absence of a profit and loss statement (due to micro-entity filing exemptions) limits insight into cash generation from operations. Cash flow sustainability will depend on ongoing trading performance in the hospitality sector, which is sensitive to economic fluctuations and consumer spending trends.

4. Monitoring Points:

• Timely filing of subsequent accounts and confirmation statements to maintain compliance.
• Development of a profit and loss track record to assess operational profitability and cash flow generation.
• Changes in working capital and net asset position, especially monitoring any increase in short-term liabilities or reliance on credit.
• Impact of economic factors on the hospitality industry affecting revenue and margins.
• Directors’ continued involvement and financial stewardship, especially considering their non-specialist occupations.