CONCEPT YACHTS LIMITED

Executive Summary

Concept Yachts Limited is a financially stable micro-entity with strong liquidity and net assets growth since incorporation. While the company’s current financial position supports credit approval, limited financial disclosures and short operating history necessitate conditional approval with close monitoring of cash flow and debtor management. Continued financial discipline and transparency will be essential to sustain creditworthiness.

CONCEPT YACHTS LIMITED - Analysis Report

Company Number: 13114995

Analysis Date: 2025-07-29 20:05 UTC

1. Credit Opinion: APPROVE with conditions
   Concept Yachts Limited presents a solid financial position with strong net assets and increasing shareholders’ funds over the past three years. The company demonstrates healthy working capital and liquidity, supported by substantial cash balances and manageable current liabilities. However, as a micro-entity with limited financial disclosures and a short operating history (since 2021), credit approval should be conditional on continued monitoring of cash flow and debtor management to ensure ongoing debt servicing capability.

2. Financial Strength:
   The company’s balance sheet shows net assets of £566,893 as of 31 January 2024, up from £450,475 the prior year, indicating growth in equity and retained earnings. Fixed assets are modest (£3,378) but stable. The major strength lies in current assets of £933,272, primarily debtors (£590,981) and cash (£342,291), exceeding current liabilities of £369,757, resulting in a very strong net current asset position. Long-term creditors are not separately detailed but overall liabilities appear well covered by assets.

3. Cash Flow Assessment:
   Cash at bank increased from £211,760 in 2023 to £342,291 in 2024, enhancing liquidity. Debtors have increased but remain within a reasonable range relative to current liabilities, suggesting effective collection procedures though ongoing monitoring of debtor ageing is advised. Working capital is robust at approximately £563k (Current Assets minus Current Liabilities), which supports operational needs. The company’s ability to generate positive cash flow from operations is implied but not explicitly reported; financial discipline will be critical given the micro entity status and limited capital base.

4. Monitoring Points:

• Debtor collection periods and credit risk exposure to ensure receivables remain collectible.
• Cash flow statements when available to verify operating cash generation versus reliance on financing.
• Profitability trends, as profit & loss details are not publicly filed, to assess earnings quality and sustainability.
• Changes in current liabilities, particularly any increase in short-term debt or trade creditors.
• Director conduct and company status filings for compliance and governance oversight.