DAVE NORRIS PROJECT MANAGEMENT LIMITED

Executive Summary

DAVE NORRIS PROJECT MANAGEMENT LIMITED is financially stable with a strong net asset base and no overdue filings, supporting credit approval. The recent increase in fixed assets and reduction in current assets require ongoing liquidity monitoring to confirm the company’s ability to meet short-term obligations. Overall, the business appears well-managed for its size with prudent equity growth and controlled liabilities.

DAVE NORRIS PROJECT MANAGEMENT LIMITED - Analysis Report

Company Number: 12733599

Analysis Date: 2025-07-20 18:45 UTC

1. Credit Opinion: APPROVE with monitoring.
   DAVE NORRIS PROJECT MANAGEMENT LIMITED demonstrates a solid and improving equity base with no overdue filings and a stable directorship. The company, while micro-sized, shows prudent asset growth and positive net assets that indicate it can service short-term liabilities. However, the significant drop in current assets from 2023 to 2024 alongside a large increase in fixed assets warrants monitoring to ensure liquidity remains sufficient to meet operational needs.

2. Financial Strength:
   The balance sheet reflects a strong net asset position of £161,803 as of 31 July 2024, up from £122,893 the prior year. This increase is mainly driven by a substantial rise in fixed assets (£150,664 in 2024 vs. £307 in 2023), suggesting recent capital investment, potentially in property or equipment. Current liabilities have decreased to £13,691, improving the working capital position despite a reduction in current assets (£24,830 from £158,162). Shareholders’ funds have grown consistently, indicating retained earnings or capital injections. Overall, the company maintains a healthy balance sheet with no indication of overleverage.

3. Cash Flow Assessment:
   The sharp reduction in current assets, particularly current assets dropping by approximately £133,000 from 2023 to 2024, may indicate a decrease in cash or receivables, which could pressure short-term liquidity. However, current liabilities have also decreased, resulting in positive net current assets of £11,139, affirming working capital sufficiency to cover immediate obligations. Continued close scrutiny of cash flow is advisable to confirm ongoing liquidity, especially given the single-employee structure and micro-entity status limiting scale.

4. Monitoring Points:

• Liquidity metrics: Monitor cash and receivables levels closely given the significant reduction in current assets.
• Asset utilization: Assess the nature and productivity of the increased fixed assets to ensure capital expenditures translate into revenue or operational efficiency.
• Profitability trends: As micro-entity accounts provide limited P&L detail, seek further information on earnings and margins to confirm sustainable cash generation.
• Director and ownership concentration: With full control by one director, consider the risks related to management continuity and succession planning.