Company Number: 14195073

Analysis Date: 2025-07-29 18:12 UTC

1. Credit Opinion: APPROVE with conditions. CAMM Plastering Contractors Limited is a micro-entity established in mid-2022, showing positive net asset growth from £10,820 to £34,905 in the latest year. While the balance sheet indicates modest scale and minimal fixed assets, the company maintains positive net current assets and shareholders' funds. The two-employee workforce aligns with micro-entity status. Approval is recommended with conditions to monitor cash flow closely, given the limited asset base and reliance on current assets for liquidity.

2. Financial Strength: The company’s financial position improved over the latest 13-month period ending 30 April 2024. Fixed assets increased to £6,400, suggesting some investment in equipment or property, which enhances operational capacity. Current assets rose slightly to £164,835, while current liabilities decreased marginally to £136,330, resulting in improved net current assets of £28,505. Shareholders’ funds grew approximately threefold, indicating retained earnings or capital injection. The balance sheet reflects a small but strengthening equity base without long-term liabilities, typical for a micro business.

3. Cash Flow Assessment: The company’s liquidity position is adequate with net current assets of £28,505, providing a buffer to cover short-term obligations. The increase in current assets relative to liabilities suggests working capital management is under control. However, current liabilities remain significant relative to the asset base, highlighting the need for ongoing monitoring of cash conversion cycles and debtor collections. The absence of audit reduces transparency but is acceptable for micro-entities under current regulations.

4. Monitoring Points:

• Maintain and improve working capital ratios to ensure continued ability to meet short-term liabilities.
• Monitor receivables turnover and creditor payment terms to avoid liquidity strain.
• Track profitability trends and reserve accumulation to support growth and debt servicing.
• Review any potential capital expenditures for impact on cash flow and asset base.
• Ensure timely filing of accounts and confirmation statements to avoid compliance risks.