C&S ACCESS AND MAINTENANCE SOLUTIONS LTD

Executive Summary

C&S Access and Maintenance Solutions Ltd is a newly formed micro business with a clean but limited financial record. The balance sheet shows positive net assets and working capital, but the company’s thin capital base and significant deferred income require close monitoring. Conditional credit approval is recommended, subject to receipt of detailed operational and cash flow information to ensure the company can meet its debt obligations as it grows.

C&S ACCESS AND MAINTENANCE SOLUTIONS LTD - Analysis Report

Company Number: 15221937

Analysis Date: 2025-07-29 16:55 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   C&S Access and Maintenance Solutions Ltd is a very recently incorporated micro-entity (incorporated October 2023), with limited operating history. The financials show positive net assets and working capital, but the presence of significant long-term liabilities and deferred income indicates some funding or contract-related obligations that warrant scrutiny. Given the short trading history and limited financial track record, credit approval should be conditional upon obtaining detailed management information, cash flow forecasts, and confirmation of contract stability before extending significant credit.

2. Financial Strength:
   The company’s balance sheet as of 31 October 2024 shows total fixed assets of £29,578 and current assets of £71,331. Current liabilities stand at £27,887, resulting in net current assets (working capital) of £43,443, which is a positive liquidity indicator. However, there are creditors due after one year of £18,742 and accruals/deferred income of £11,308, reducing net assets to £42,972. The equity base is modest but positive, supported by shareholders’ funds of £42,972. The micro entity exemption and small capital base (£112 share capital) suggest limited buffer for financial shocks. Overall, the balance sheet is sound but relatively thin, typical for a start-up.

3. Cash Flow Assessment:
   Current assets exceed current liabilities, indicating sufficient short-term liquidity to meet immediate obligations. However, the nature of current assets is not detailed—if a significant portion is debtors or stock, actual cash availability could vary. The company reported an average of 4 employees, implying some payroll obligations. The presence of deferred income suggests receipt of prepayments, which supports cash inflows but may also reflect performance obligations. Close monitoring of cash conversion cycles and receivables ageing will be important, as start-ups often face working capital pressures.

4. Monitoring Points:

• Track timely filing of subsequent accounts and confirmation statements to ensure compliance and transparency.
• Monitor the ageing and quality of current assets, especially trade debtors, to assess real liquidity.
• Review contract pipeline and deferred income recognition to confirm revenue sustainability.
• Watch long-term liabilities and deferred income trends to understand funding and obligation structure.
• Obtain updated management accounts and cash flow forecasts quarterly to detect early signs of stress.
• Evaluate directors’ ongoing involvement and any changes in ownership or control that might impact governance.