CALVERT BATESON LIMITED

Executive Summary

Calvert Bateson Limited is a very small property trading business with improving net assets due to increased investment property valuation but ongoing working capital deficits and high secured debt. The company’s limited operational scale and liquidity constraints warrant a conditional credit approval with cautious exposure and close monitoring of short-term liquidity and asset valuations. Continued financial support should be contingent on evidence of improving cash flow and sustained asset values.