COURIO LIMITED

Executive Summary

Courio Limited is a micro-sized, active private limited company with a stable financial position, positive net assets, and strong working capital. The company maintains adequate liquidity and shows no adverse governance issues, supporting credit approval for moderate facilities. Ongoing monitoring of receivables and profitability is recommended to safeguard credit quality.

COURIO LIMITED - Analysis Report

Company Number: 12576313

Analysis Date: 2025-07-19 12:25 UTC

1. Credit Opinion: APPROVE
   Courio Limited demonstrates a solid financial position with positive net assets and consistent working capital surplus. The company has maintained active trading status since incorporation in 2020, with no overdue filings or signs of financial distress. The director’s conduct records show no disqualifications or adverse history. Given the stable liquidity and equity base, the company appears capable of meeting short-term obligations and servicing credit facilities. However, as a small entity with a single employee and limited fixed assets, credit exposure should be moderate and monitored closely.

2. Financial Strength:
   The balance sheet shows net assets of £15,945 as of April 2024, slightly down from £17,017 in 2023, reflecting a minor reduction but still positive equity. Fixed assets stand at £5,784, mainly plant and machinery, depreciating steadily. Current assets (£15,209) exceed current liabilities (£5,048), yielding a strong net current asset position (£10,161), indicative of good short-term financial health. Share capital is nominal (£3), with accumulated profits retained in the P&L reserve. The company falls within the "Micro" account category, consistent with its scale.

3. Cash Flow Assessment:
   Cash on hand decreased from £15,320 in 2023 to £11,195 in 2024, but remains healthy relative to current liabilities of £5,048. Debtors increased to £4,014 from £2,697, suggesting growing receivables which should be monitored for collection risk. The company’s net current assets and cash coverage of short-term liabilities imply adequate liquidity to support ongoing operations and credit commitments. The average employee count of 1 (the managing director) limits payroll obligations, supporting cash conservation.

4. Monitoring Points:

• Receivables aging and collection efficiency given the increase in trade debtors.
• Profitability trends to ensure the equity base remains stable or grows; slight net asset decrease warrants review of profit and loss details.
• Cash flow cycles and working capital management, especially given the reduction in cash balance.
• Any changes in director or PSC status that might affect governance or control.
• Business growth indicators and diversification of client base to strengthen resilience.