Company Number: 13993108

Analysis Date: 2025-07-20 16:50 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Bursten Internet Marketing Limited is a very young private limited company incorporated in 2022. Its financial statements show modest net assets and positive working capital, indicating a baseline ability to meet short-term obligations. However, the company is small with no employees, limited fixed assets, and no audited accounts or profit & loss disclosed, making it difficult to fully assess profitability or long-term sustainability. The credit approval should be conditional on additional monitoring and potentially on receipt of management accounts or cash flow forecasts to confirm ongoing operational viability and debt servicing capacity.

2. Financial Strength:
   The balance sheet as of 31 March 2024 shows net assets of £10,780, nearly unchanged from £10,816 a year earlier, indicating little growth in equity. Current assets total £82,891, predominantly cash (£81,099), with trade debtors of £1,792. Current liabilities stand at £44,025, yielding net current assets of £38,866. The company has no long-term liabilities recorded. The presence of provisions for liabilities (£28,086) reduces net assets but still leaves positive equity. Overall, the company's financial position is stable but thinly capitalized, reflecting a small operational scale and potential risk if cash inflows decrease.

3. Cash Flow Assessment:
   The company holds a strong cash position relative to current liabilities, with cash covering nearly twice the current liabilities, which supports liquidity and short-term debt payment capability. Working capital is positive (£38,866), indicating operational cash sufficiency at the balance sheet date. However, the absence of detailed profit & loss data and no employees suggests reliance on owner management and potentially limited revenue streams. Cash flow sustainability should be verified with ongoing cash flow statements or projections, especially given the high proportion of liabilities to assets.

4. Monitoring Points:

• Profitability and cash flow trends through interim management accounts.
• Changes in trade debtor and creditor balances to identify any payment delays or credit risk buildup.
• Any increase in provisions or contingent liabilities that could impair net assets.
• Director’s ability to maintain equity levels or inject additional capital if needed.
• Timely filing of future accounts and confirmation statements to ensure regulatory compliance.