Company Number: 12445981

Analysis Date: 2025-07-20 11:45 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   D.I.C.E - ELECTRICAL SERVICES LTD demonstrates improving financial health with increasing net assets and working capital over recent years. However, as a micro-entity with limited scale and a single director who is also the sole employee, the company’s credit capacity is constrained. The business shows positive trends but remains small, so credit exposure should be limited and monitored closely. Approval is recommended with conditions such as capped facility limits and regular review of financial updates.

2. Financial Strength:
   The company’s balance sheet has strengthened significantly from a net asset position of £177 in 2020 to £26,588 in 2024. Fixed assets have nearly tripled, indicating investment in operational capacity. Net current assets improved from negative (£7,153) to positive (£9,347), reflecting better short-term liquidity. Long-term liabilities increased but remain modest (£15,491 in 2024), maintaining a manageable gearing level. Overall, the financial position is stable but modest in absolute terms, typical of a micro-sized electrical installation business.

3. Cash Flow Assessment:
   Current assets (£67,997) comfortably cover current liabilities (£61,038), giving a current ratio slightly above 1.1, which is acceptable but leaves limited buffer. The net current assets position is positive, indicating adequate working capital to meet short-term obligations. The company’s small scale and single-employee structure suggest limited complexity in cash management, but cash flow volatility risk exists due to business size. Monitoring debtor collection and creditor payment terms will be important to maintain liquidity.

4. Monitoring Points:

• Continued growth in net assets and working capital to sustain creditworthiness
• Timely filing of annual accounts and confirmation statements to ensure compliance
• Any increase in long-term debt should be evaluated carefully relative to equity
• Cash flow management during seasonal or market downturns given small scale
• Director’s financial stewardship and potential for business expansion or diversification