Company Number: 12546716

Analysis Date: 2025-07-20 12:54 UTC

1. Credit Opinion: APPROVE with conditions. Burt Surgical Services Limited is a micro-sized private limited company operating in the specialist medical practice sector. It has maintained active status since incorporation in 2020, with no overdue filings and no indication of insolvency or distress. The company’s balance sheet shows positive net assets and net current assets, indicating an ability to meet short-term obligations. However, the slight decline in net assets and current assets over the latest year suggests a cautious approach. Approval is recommended provided ongoing monitoring is implemented and the company maintains or improves liquidity and profitability.

2. Financial Strength: The company’s financial strength is moderate but stable. Net assets decreased from £39.1k in 2023 to £34.7k in 2024, reflecting a modest decline in shareholder equity. Fixed assets are minimal (£1.1k), consistent with the nature of a specialist medical practice, implying limited capital intensity. Current assets remain significantly higher than current liabilities, yielding strong net current assets (£36.6k), which supports short-term financial resilience. The low share capital (£100) is typical for a micro-entity but places emphasis on retained earnings and operational cash flow for stability.

3. Cash Flow Assessment: Liquidity appears solid with current assets at £41.7k against current liabilities of only £5.1k as of March 2024, providing a current ratio above 8:1, which is strong for a small business. The company has maintained positive working capital throughout the reported years, indicating efficient management of receivables, payables, and cash. There is no explicit cash flow statement provided, but the balance sheet suggests sufficient short-term resources to meet liabilities and operational needs. Monitoring cash flow trends is advised given the recent reduction in current assets.

4. Monitoring Points:

• Watch for continued decline or volatility in net assets and current assets that could impact liquidity.
• Monitor accounts receivable and payable aging to ensure working capital remains healthy.
• Track profitability and cash generation in future accounts to confirm sustainable operations.
• Observe director changes and any potential impact on governance or financial management.
• Verify timely filing of accounts and returns continues to avoid compliance risks.