CROSS CONTINENTAL SERVICES LTD

Executive Summary

Cross Continental Services Ltd is a newly established small private company with a stable opening balance sheet and positive net assets. The company demonstrates adequate liquidity and no immediate financial concerns, supporting an approval for credit facilities with cautious limits. Ongoing monitoring of financial performance and cash flow is recommended as the business develops operational history.

CROSS CONTINENTAL SERVICES LTD - Analysis Report

Company Number: 15086531

Analysis Date: 2025-07-29 20:10 UTC

1. Credit Opinion: APPROVE
   Cross Continental Services Ltd is a recently incorporated company (August 2023) operating in plumbing, heating, and air-conditioning installation services. The company has filed its first set of accounts timely and shows a positive net asset position with no overdue filings or signs of distress. With net assets of £18,585 and positive working capital, the company demonstrates initial financial stability. Given the small scale, no audit requirement, and clean director profile, it is reasonable to approve credit facilities at this stage while maintaining prudent limits due to limited operational history.

2. Financial Strength:
   The balance sheet as at 31 August 2024 shows:

• Cash at bank: £17,362
• Current liabilities: £1,223 (positive net current assets of £18,585)
• Net assets equal to shareholders’ funds at £18,585
  The company holds no long-term liabilities or fixed assets listed, reflecting a lean asset base typical for a start-up in services. The positive net current assets and absence of debt suggest a sound short-term financial position, though scale is modest and capital base limited.

3. Cash Flow Assessment:
   Cash holdings of £17,362 provide reasonable liquidity for immediate operational needs. Current liabilities are low and manageable. The company employs an average of 2 persons, indicating low overheads. However, no historical cash flow trends or profit and loss figures have been reported yet, limiting insight into ongoing cash generation capability. The company should maintain sufficient cash flow to meet obligations given current low liabilities and small scale operations.

4. Monitoring Points:

• Track future turnover and profitability as the company grows beyond start-up phase.
• Monitor working capital to ensure continued positive liquidity and no build-up of payables.
• Observe director actions and any changes in ownership or control that may affect governance.
• Watch for any increases in debt or overdue filings that could indicate financial stress.
• Review subsequent filed accounts for evidence of sustainable revenue streams and margin stability.