CEDARMILL DEVELOPMENTS LIMITED
Company number 07007391 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
1. Risk Rating: MEDIUM
Cedarmill Developments Limited appears solvent on a balance-sheet basis, with net assets of £1.92m and a positive working capital position. However, liquidity is relatively thin, current liabilities are substantial, and the company’s filing regime provides limited visibility into profitability and cash generation. The reduction in bank debt during FY2025 is encouraging, but the business remains dependent on contract-related assets and related-party balances.
2. Key Concerns
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Thin liquidity and limited cash buffer
Cash at bank is only £105,783 against current liabilities of £3,674,098. The current ratio is approximately 1.31, but excluding stock, the quick ratio falls to roughly 0.93. The company’s ability to meet near-term obligations therefore relies heavily on recovering £1.72m of contract receivables and converting £1.41m of stock/work-in-progress into cash. -
High level of secured, short-dated borrowing
Bank loans and overdrafts of £1,963,890 are classified as due within one year and are secured against stock and work-in-progress. The director personally guarantees the loans. This creates refinancing risk and concentration risk: if