CLOUDICE TECHNOLOGY SOLUTIONS LTD

Executive Summary

CLOUDICE TECHNOLOGY SOLUTIONS LTD is a newly formed micro-entity with a modest but positive financial position and adequate liquidity for its current scale of operations. Given the limited trading history, credit approval is recommended on a conditional basis with close monitoring of cash flow, trading performance, and working capital management. The company’s financial stewardship appears sound so far, but risk remains until a longer track record is established.

CLOUDICE TECHNOLOGY SOLUTIONS LTD - Analysis Report

Company Number: 15167785

Analysis Date: 2025-07-20 13:09 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   CLOUDICE TECHNOLOGY SOLUTIONS LTD is a newly incorporated private limited company (incorporation in September 2023) operating in the IT consultancy sector. Given the short trading history and limited financial track record, credit approval should be conditional on continued satisfactory trading performance and monitoring of cash flow. There is no evidence of significant liabilities or adverse director conduct. The company shows modest positive net assets and working capital, which supports short-term solvency. However, the limited scale and infancy of the business mean that risk remains elevated until further trading history is established.

2. Financial Strength:
   The company reported net assets of £6,038 as at 30 September 2024, with current assets of £14,864 against current liabilities of £8,826, yielding positive net current assets of £6,038. Shareholders’ funds comprise mainly retained earnings (£5,938) plus a nominal £100 called-up share capital, indicating initial capital injection and early profitability or capital contributions. The absence of fixed assets is typical for a service-based start-up. Overall, the balance sheet reflects a stable but very modest financial base consistent with an early-stage micro-sized entity.

3. Cash Flow Assessment:
   Cash at bank and in hand stood at £9,764, representing a reasonable liquidity buffer relative to current liabilities of £8,826. Debtors of £5,100 indicate some credit sales, but the working capital remains tight. The company appears to manage its cash flow prudently, with sufficient liquidity to cover short-term obligations. The small number of employees (average 2) helps keep overheads low. However, the lack of cash flow history beyond this initial period necessitates ongoing review to ensure the company can consistently meet operational and credit commitments.

4. Monitoring Points:

• Trading performance and revenue growth in the coming periods to establish sustainable cash generation.
• Timeliness of debtor collections to maintain liquidity.
• Any increase in current liabilities or working capital strain that may impact short-term solvency.
• Director actions and any changes in ownership or control.
• Compliance with future filing deadlines to avoid regulatory risk.
• Market conditions in the IT consultancy sector, which could affect demand and profitability.