Company Number: 13415411

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

1. Credit Opinion: CONDITIONAL APPROVAL
   CS RECRUIT LTD demonstrates positive net assets and net current assets, indicating an ability to meet short-term obligations. However, the presence of significant long-term creditors (£15,465) alongside relatively modest net assets (£7,253) suggests some reliance on external financing, which warrants cautious monitoring. The company is young (incorporated 2021) yet shows growth in net assets from £3,000 to £7,253 and has maintained a stable workforce of 9 employees. Given the small scale and micro-entity status, credit exposure should be limited and conditional on ongoing financial performance reviews.

2. Financial Strength:
   The company’s balance sheet at 31 May 2024 shows fixed assets of £4,144 and current assets of £24,863, offset by current liabilities of £6,289 and long-term liabilities of £15,465. Net current assets stand at £18,574, indicating healthy working capital. The net assets have increased from £3,000 in previous years to £7,253, reflecting retained earnings or capital injection. The modest equity base aligned with relatively high long-term creditors requires attention, but the company is not over-leveraged given the asset base.

3. Cash Flow Assessment:
   Current assets are primarily short-term liquid resources sufficient to cover current liabilities almost fourfold, which suggests good short-term liquidity and working capital management. The positive net current assets imply that the company should be able to meet immediate liabilities without strain. However, details on cash flow from operations are not provided; thus, assumptions rely on balance sheet liquidity and stable employment levels as proxies for operational activity.

4. Monitoring Points:

• Watch the level and servicing of long-term creditors (£15,465) to ensure no refinancing risk arises.
• Track turnover and profitability trends as they become available to confirm the positive equity growth and ability to generate cash flow.
• Monitor employee headcount and payroll obligations given the company’s reliance on a stable workforce.
• Ensure timely filing of accounts and confirmation statements to maintain compliance and transparency.