CARTWRIGHT ENGINEERING LIMITED

Executive Summary

Cartwright Engineering Limited demonstrates a stable and improving financial position characteristic of a small, owner-managed manufacturing business. The company shows adequate liquidity and growing net assets with no signs of financial distress. Approval for credit facilities is recommended with ongoing monitoring of profitability and working capital.

CARTWRIGHT ENGINEERING LIMITED - Analysis Report

Company Number: 14687360

Analysis Date: 2025-07-29 14:44 UTC

1. Credit Opinion: APPROVE
   Cartwright Engineering Limited is a recently established micro-entity with a clean filing record and no overdue accounts or returns. The company shows improving financial strength with net assets increasing from £6,943 in 2024 to £10,953 in 2025, indicating growing equity and a positive capital base. The director, Mr. Jamie Cartwright, holds full control and is actively managing the company. Given the micro scale, limited staff (1 employee), and sound compliance, the company currently appears capable of meeting short-term obligations and servicing credit facilities, albeit on a modest scale.

2. Financial Strength:
   The balance sheet shows fixed assets stable around £2,000 - £2,500, with current assets increasing from £18,034 to £19,577 year-on-year. Current liabilities have decreased from £13,895 to £10,624, improving net current assets from £4,443 to £8,953. The net asset position has improved by approximately 58%, reflecting retained earnings or capital injection. The company’s equity is entirely shareholder funds, reflecting no external debt, which strengthens the credit profile at this stage. The micro-entity status limits detailed financial disclosure but the upward trajectory in net assets is positive.

3. Cash Flow Assessment:
   Positive net current assets (£8,953) indicate the company has sufficient short-term liquidity to cover current liabilities. The increase in net current assets suggests improved working capital management. With only one employee and low fixed assets, operating cash requirements are likely modest. However, the absence of a profit and loss account in the filing restricts full cash flow analysis. The company’s ability to generate cash from operations should be monitored, but current liquidity appears adequate for its scale.

4. Monitoring Points:

• Monitor net current assets and liquidity ratios to ensure continued ability to meet short-term obligations.
• Review future filings for profit and loss data to assess operational profitability and cash generation.
• Watch for any increase in liabilities or changes in shareholder funding that could affect solvency.
• Track director conduct and company compliance with filing deadlines to mitigate governance risks.