Company Number: 13024490

Analysis Date: 2025-07-20 12:51 UTC

1. Credit Opinion: APPROVE
   Charlotte Jayne Ltd demonstrates a stable and improving financial position with consistent growth in net current assets and shareholders' funds over the past four years. There are no overdue filings or indications of financial distress. The company operates in wholesale clothing and footwear, a sector with moderate risk, but the business shows sound liquidity and working capital management, supporting its ability to meet short-term obligations. Management appears competent, with no adverse records or governance concerns.

2. Financial Strength:
   The balance sheet shows steady improvement in net current assets, rising from £7,997 in 2020 to £20,778 in 2023. Shareholders' funds have increased correspondingly from £7,997 to £20,778. The company holds minimal fixed assets but maintains healthy cash balances, increasing from £16,702 to £30,305 in the same period. Current liabilities have increased slightly but remain well covered by current assets, resulting in a strong current ratio (~1.86 in 2023). Retained earnings have grown, indicating profitability and earnings retention.

3. Cash Flow Assessment:
   Cash on hand and readily available funds have nearly doubled over four years, demonstrating effective cash flow management. Debtors and stock levels are moderate and manageable relative to liabilities. The company’s net current assets provide a comfortable buffer above short-term liabilities, indicating solid liquidity. Operating lease commitments of £88,000 are moderate and do not appear to strain cash flows. Overall, working capital is sufficient to support ongoing operations without liquidity risk.

4. Monitoring Points:

• Continue monitoring trade debtor days to avoid receivables aging and potential bad debts.
• Watch operating lease commitments for any increase that could pressure cash flow.
• Monitor the wholesale clothing and footwear market for sector risks impacting turnover.
• Observe any changes in director appointments or PSCs that might affect governance or control.
• Keep track of profitability trends once profit and loss data are available to confirm sustained earnings.