CERULEAN SYSTEMS LTD

Executive Summary

Cerulean Systems Ltd demonstrates a solid initial financial position with positive net assets and no liabilities, reflecting prudent financial stewardship in its first year. The company’s adequate liquidity and strong equity base support its ability to meet current obligations. Approval is recommended with routine monitoring to track operational progress and cash flow stability as the business develops.

CERULEAN SYSTEMS LTD - Analysis Report

Company Number: 14480470

Analysis Date: 2025-07-29 15:51 UTC

1. Credit Opinion: APPROVE
   Cerulean Systems Ltd is a newly incorporated micro-entity (since November 2022) with its first set of accounts filed up to 30 November 2023. The company shows a clean balance sheet with no current liabilities and positive net assets of £46,016. The directors are professional individuals (both barristers) with significant control and vested interest in the company, which supports prudent management. The absence of debt and positive working capital indicate capacity to meet short-term obligations. Given the limited operating history, approval is recommended with standard monitoring until a more established financial track record is developed.

2. Financial Strength:
   The company’s financial position as of 30 November 2023 shows total assets of £46,016, with fixed assets of £32,449 and current assets of £13,567. There are no current or long-term liabilities reported, resulting in net assets and shareholders’ funds equal to £46,016. This indicates a strong equity base relative to its size and no gearing or leverage concerns. The firm employs 2 people consistent with its micro-entity classification. However, the scale and financial data are modest, reflecting an early-stage business with limited operational footprint.

3. Cash Flow Assessment:
   Current assets of £13,567 exceed current liabilities of zero, providing positive net current assets (working capital) of £13,567. This suggests adequate short-term liquidity to cover operating expenses and any immediate obligations. The lack of creditors or accruals means no immediate cash flow pressures from payables. Given the company’s small size and absence of debt, cash flow risk is minimal at present. Future monitoring should focus on maintaining positive working capital as the business grows.

4. Monitoring Points:

• Development of income and profitability metrics as subsequent accounts are filed to confirm sustainable cash generation.
• Maintenance of positive working capital and absence of overdue payables to preserve liquidity.
• Any increase in liabilities or borrowing should be reviewed to assess impact on leverage and repayment capacity.
• Directors’ continued involvement and governance, given their significant control and influence over operations.
• Timely filing of annual returns and accounts to ensure regulatory compliance.