Company Number: 13588575

Analysis Date: 2025-07-20 14:29 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Crown Felt Roofing Limited shows a stable but modest financial position with positive net current assets and shareholders’ funds. However, the company is relatively young (incorporated in 2021), with limited asset base and minimal reported employees, indicating a small operational scale. The company’s liquidity appears adequate, but creditor levels remain significant. Given the absence of audit and limited financial history, credit facilities should be extended with caution, subject to ongoing monitoring of cash flow and debtor management.

2. Financial Strength:
   The balance sheet indicates modest but positive net assets (£15,981 at 31 Dec 2024), with current assets (£54,490) comfortably exceeding current liabilities (£39,009) resulting in positive working capital (£15,481). Tangible fixed assets are minimal (£500), showing the company is not capital intensive. The equity base has increased slightly from prior years but remains small, reflecting a micro-sized company. Shareholders’ funds have grown from £12,659 in 2021 to £15,981 in 2024, signaling some retained profitability or capital injection.

3. Cash Flow Assessment:
   Cash holdings are stable (£47,000), representing the majority of current assets, which supports liquidity. Trade debtors increased to £4,080 from £408 but remain manageable in size relative to cash. Current liabilities are largely comprised of other creditors (£30,219), which could include trade payables or accrued expenses. The company’s net current assets provide a liquidity buffer, but the reliance on short-term creditors requires careful monitoring to ensure timely payment and avoid liquidity stress.

4. Monitoring Points:

• Debtor collection efficiency and aging to prevent cash flow bottlenecks.
• Management of other creditors and tax liabilities to avoid overdue payments or penalties.
• Operational scale and employee levels, since workforce reduction to nil average employees in 2024 may impact revenue generation capacity.
• Profitability trends as future accounts become available, given the absence of an income statement in the filings.
• Compliance with filing deadlines and any changes in accounting policies or asset valuations.