Company Number: 15197401

Analysis Date: 2025-07-20 19:07 UTC

1. Credit Opinion: APPROVE
   Complete Ventures 1 Limited is a newly incorporated private limited company operating in venture and development capital activities. Its first consolidated accounts, covering an 18-month period, show a strong turnover of £11.85M with a profit before tax of £1.28M. The company is well-capitalised with positive net current assets and shareholders’ funds. The directors appear experienced, and there are no indications of adverse conduct or credit concerns. Although it is young, the financial performance and balance sheet strength support the company’s ability to service debt and meet commercial obligations.

2. Financial Strength:
   The balance sheet as at 31 March 2025 shows minimal fixed assets (£1), reflecting the nature of the business as an investment/venture capital entity. Current assets of around £2.08M are mainly trade debtors (£2.04M) with cash balances at £35k. Current liabilities total £1.74M, resulting in net current assets of £337k and positive shareholders’ funds of £337k. This modest equity base is appropriate for the company’s size and stage. The accounts have been audited with an unqualified opinion, confirming reliability. The company’s financial trajectory is positive with profitable operations in its first full reporting period.

3. Cash Flow Assessment:
   Cash on hand is low relative to turnover but typical for this sector where working capital is often tied up in receivables. Trade debtors are significant, so liquidity depends on timely collection. However, net current assets are positive, indicating sufficient short-term liquidity to meet immediate obligations. The directors actively monitor cash, debtor balances, and credit risk as key performance indicators, suggesting prudent working capital management. No overdue filings or director disqualifications indicate sound compliance and governance.

4. Monitoring Points:

• Monitor debtor ageing and cash collection efficiency to ensure liquidity is maintained.
• Track gross profit margins and turnover trends to confirm ongoing profitability.
• Watch changes in current liabilities, particularly any increase in short-term debt or payables.
• Review any new investments or capital commitments that may impact cash flows or leverage.
• Keep oversight on director changes and compliance with statutory filings.