CSMS CIVILS SITE MANAGEMENT SERVICES LIMITED

Executive Summary

CSMS Civils Site Management Services Limited is a newly established micro-entity with minimal financial resources and negligible net assets. Its cash flow and working capital position are weak, providing insufficient capacity to support credit exposure at this time. Credit extension is not recommended until the company demonstrates improved financial stability and positive operating cash flows.

CSMS CIVILS SITE MANAGEMENT SERVICES LIMITED - Analysis Report

Company Number: 14935727

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

1. Credit Opinion: DECLINE. The company is newly incorporated (June 2023) and operates as a micro-entity in a niche construction sub-sector. Its most recent balance sheet (October 2024) reveals extremely limited net assets (£100) and negligible working capital (£100). This minimal equity base, combined with a single employee and no historical profitability data, indicates insufficient financial strength to support credit exposure. The company's ability to service debt or meet commercial obligations is unproven and highly constrained by its size and early stage.

2. Financial Strength: The company’s financial position is weak. Its net assets have sharply declined from £4,727 in June 2024 to only £100 by October 2024, implying either capital withdrawal, losses, or a reclassification of liabilities. Current assets are low (£13.9k), just covering current liabilities (£13.8k), resulting in almost no liquidity buffer. Shareholder funds mirror net assets and are minimal, reflecting a thin capital base and limited financial resilience.

3. Cash Flow Assessment: Working capital is effectively zero, leaving no margin to absorb delays in receivables or unexpected expenses. The micro-entity has only one employee, suggesting low overheads but also limited operational scale to generate cash inflows. Without detailed profit and loss or cash flow statements, it is difficult to assess operating cash generation, but the rapid drop in net assets signals possible cash strain. The company’s liquidity and cash flow position appear fragile and insufficient to support new credit commitments.

4. Monitoring Points:

• Monitor quarterly updates on net assets and working capital, focusing on any further erosion or improvement.
• Watch for filing of profit and loss accounts to assess operating performance and cash generation.
• Track any director or shareholder capital injections or withdrawals.
• Review credit utilization and payment behavior closely if any facilities are extended.
• Monitor industry conditions in specialised construction activities, which may impact company prospects.