CONGREVE LIMS SERVICES LTD

Executive Summary

Congreve LIMS Services Ltd exhibits a strong liquidity position, positive growth in net assets, and good working capital management for its size. The company’s simple capital structure and absence of external debt reduce financial risk, supporting credit approval. Continued monitoring of cash flow and operational performance is recommended as the business develops.

CONGREVE LIMS SERVICES LTD - Analysis Report

Company Number: 14298377

Analysis Date: 2025-07-20 14:50 UTC

1. Credit Opinion: APPROVE
   Congreve LIMS Services Ltd demonstrates a solid liquidity position and positive financial trajectory. The company has no overdue filings and maintains a clean director profile. The current working capital and net asset levels are sufficient for the scale of business, indicating good capacity to meet short-term obligations. Given it is a newly incorporated private limited company with a single controlling director, prudent monitoring is advised, but initial credit approval is justified.

2. Financial Strength:
   The company’s net assets increased significantly from £27,399 in 2023 to £53,614 in 2024, reflecting retained earnings and operational growth. The balance sheet is clean with no long-term liabilities reported; all liabilities are short-term capital grants. Shareholders’ funds match net assets, which indicates no external debt. This strong equity base relative to liabilities supports financial stability. The company meets the criteria of a small entity with modest asset size and no fixed assets disclosed.

3. Cash Flow Assessment:
   Congreve LIMS Services Ltd holds cash reserves of £57,637 at 2024 year-end, up from £35,436 the prior year, which covers current liabilities nearly sixfold, demonstrating strong liquidity. Debtors are low at £5,775, suggesting efficient collections or limited credit risk exposure. Net current assets of £53,614 indicate healthy working capital to support ongoing operations without relying on external financing. Cash flow appears sufficient for operational needs and creditor payments.

4. Monitoring Points:

• Maintain oversight on cash flow and debtor collections as the company grows, ensuring working capital remains positive.
• Monitor any changes in capital grants or liabilities that could impact liquidity.
• Track turnover and profit trends once available to confirm continued growth and profitability.
• Observe director and ownership stability given the single-person control structure, which may affect governance risk.