Company Number: 15226993

Analysis Date: 2025-07-29 13:03 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   CHARISGRACE LIMITED is a newly incorporated micro-entity operating in general medical practice. The company shows a positive net current asset position (£258) but the absolute figures are very low reflecting a small scale operation with minimal financial history. Given its infancy and limited financial data, credit approval can be considered but should be conditional on obtaining further operating performance and cash flow evidence over the next 12 months. The director’s 75-100% ownership and active management is a positive governance indicator, but limited working capital and no historical profit track record warrant cautious credit exposure.

2. Financial Strength:
   The balance sheet shows total net assets of £258, entirely composed of working capital (net current assets). Fixed assets are not reported, indicating no long-term asset base. Current assets (£714) slightly exceed current liabilities (£456), resulting in a modest working capital buffer. Shareholders’ funds equal net assets, reflecting no external debt or retained earnings. Overall, the financial strength is very weak due to the minimal capital base and absence of profitability history, which is typical for a start-up micro-entity.

3. Cash Flow Assessment:
   Cash and current assets are minimal but sufficient to cover short-term liabilities, indicating a basic liquidity position. However, the small absolute values highlight potential vulnerability to cash flow shocks or unexpected expenses. The company’s operating cash generation is untested, and no profit and loss data was filed to assess earnings quality or sustainability. Monitoring cash flow closely is essential, especially given the single-employee operation and reliance on the director.

4. Monitoring Points:

• Track future filed accounts for evidence of revenue growth and profitability.
• Monitor changes in working capital and cash balances to assess liquidity trends.
• Review any new debt or credit facilities that may impact leverage and repayment capacity.
• Observe director and ownership stability, ensuring no adverse changes in management or control.
• Watch for timely filing of accounts and confirmation statements as indicators of compliance and governance.