Company Number: 15017458

Analysis Date: 2025-07-29 20:33 UTC

1. Credit Opinion: CONDITIONAL APPROVAL Briggsy Limited is a newly incorporated micro-entity with minimal financial history and limited assets. The company shows a positive net current asset position, indicating short-term liquidity to meet current obligations. However, the absolute size of assets and equity (£936) is very low, reflecting a nascent business with limited scale and operating history. Given the lack of trading history and scale, credit exposure should be limited and monitored closely. Approval is conditional on low credit limits and regular review of financial performance and cash flow.

2. Financial Strength: The balance sheet as of 31 July 2024 shows current assets of £4,017 against current liabilities of £3,081, resulting in net current assets of £936. There are no fixed assets or long-term liabilities reported. The net assets and shareholder funds amount to £936, which is minimal but positive. The company has one employee and is owner-managed by Mr. Thomas Briggs who owns 75-100% of shares and voting rights, indicating full control. The micro-entity classification and minimal asset base mean financial strength is very limited at this stage.

3. Cash Flow Assessment: Current assets largely consist of cash and short-term receivables, but the very small net working capital (£936) provides a narrow cushion for liquidity. The company’s ability to generate cash flow is not evidenced yet, and there is no historical profit and loss data available. Given the micro status and early stage, the risk of cash flow shortages is elevated. Ongoing monitoring of cash flow statements and debtor collections is critical to ensure the company can meet short-term obligations.

4. Monitoring Points:

• Track monthly cash flow and bank balances to detect liquidity strains.
• Monitor the filing of subsequent accounts and confirmation statements on time.
• Review any increase in current liabilities or credit exposure.
• Assess business activity and revenue growth as it develops beyond the startup phase.
• Keep watch on director’s conduct and any changes to ownership or control.
• Monitor compliance with statutory requirements and any emerging financial disclosures.