Company Number: 15594026

Analysis Date: 2025-07-20 16:47 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   C140 Catering Ltd is a newly incorporated micro-entity (incorporated in March 2024) with a small but positive net asset position (£948) and net current assets of £948 as of 31 March 2025. The company shows modest working capital adequacy but limited financial history and scale pose a moderate credit risk. Given the micro size and early stage, approval is recommended conditionally, subject to monitoring future trading results and cash flows to confirm sustainability.

2. Financial Strength:
   The balance sheet reflects a very small capital base (£948 shareholders’ funds) with no fixed assets reported. Current assets of £3,607 against current liabilities of £2,659 yield a positive net current asset position of £948, indicating the company can currently meet short-term obligations. However, the absolute level of resources is minimal, and there is limited evidence of profitability or retained earnings given the company’s infancy.

3. Cash Flow Assessment:
   With only 2 employees and minimal reported assets and liabilities, liquidity appears sufficient to cover immediate liabilities, but the scale is very limited. No cash flow statement is provided, typical for micro-entities, but working capital is positive, which is a favorable indicator. The company’s ability to generate cash internally or through operating activities remains unproven, so cash flow monitoring is critical.

4. Monitoring Points:

• Verify timely filing of next accounts and confirmation statements to assess ongoing compliance.
• Monitor growth in turnover and profitability to assess sustainability and ability to service debt.
• Review cash flow statements or management accounts if available to confirm liquidity trends.
• Watch for any director or ownership changes, and potential expansion plans that may require additional funding.
• Assess any late payments or credit incidents that could impact creditworthiness.