Company Number: 13885047

Analysis Date: 2025-07-29 17:39 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Coccolith Ltd is a very young company (incorporated in 2022) operating in management consultancy. The latest accounts show a positive net asset position and a comfortable cash balance relative to current liabilities, indicating an ability to meet short-term obligations. However, with no employees and limited trading history, the company’s financial resilience and operational track record remain unproven. Approval for credit facilities should be conditional on continued monitoring of trading performance and timely filing of future accounts.

2. Financial Strength:
   The balance sheet at 28 February 2024 reveals net assets of £51,847, up from just £10 the previous year, reflecting retained earnings accumulation. Fixed assets are minimal (£2,531 net), indicating low capital expenditure and a likely service-based business model. Current assets, mainly cash (£72,069), exceed current liabilities (£22,753) by a significant margin, resulting in healthy working capital. The low share capital (£10) is typical for small private companies but means equity is primarily generated from profits rather than capital injection.

3. Cash Flow Assessment:
   The company holds £72k in cash and equivalents against current liabilities of £22.7k, demonstrating adequate liquidity to cover immediate debts. Net current assets of £49,316 indicate positive working capital, which supports operational needs and short-term creditor payments. However, absence of detailed profit and loss data limits deeper cash flow analysis. The company should be monitored for cash flow consistency as it scales operations.

4. Monitoring Points:

• Verify the company continues to file accounts and confirmation statements on time.
• Monitor net current assets and cash balances for signs of liquidity stress.
• Track turnover and profitability trends once available to assess debt servicing capacity.
• Observe director and management stability; the principal control remains with one individual, Mr. Graeme Miller.
• Watch for any increase in current liabilities that may pressure working capital.