Company Number: SC681034

Analysis Date: 2025-07-20 13:33 UTC

1. Credit Opinion: APPROVE
   EALA DUBH LTD demonstrates a strong improvement in its financial position over the past year, with a significant increase in net current assets and net assets. The company has no overdue filings and is actively managed by a single director with full ownership control. There is no evidence of financial distress or governance concerns. Based on the available data, the company appears capable of servicing short-term liabilities and meeting credit obligations.

2. Financial Strength:
   The balance sheet as of 30 November 2023 shows total net assets of £41,182, up from only £639 the previous year. Fixed assets are minimal (£2,063), typical for a micro-entity in business support services. The key strength lies in the current assets of £64,176 against current liabilities of £25,057, yielding a strong net working capital position of £39,119. This healthy liquidity cushion supports operational resilience and creditor confidence. The share capital remains nominal (£100), with accumulated reserves driving net asset growth.

3. Cash Flow Assessment:
   Current assets mainly comprise cash and receivables, providing good short-term liquidity. The current ratio is approximately 2.56 (64,176/25,057), indicating ample coverage of short-term obligations. The company’s ability to maintain and grow working capital from £639 to over £39k in one year suggests strong cash flow generation or capital injection. With only one employee and low fixed asset investment, working capital management appears effective, reducing financial risk.

4. Monitoring Points:

• Monitor receivables aging and cash conversion cycle to ensure continued liquidity.
• Watch for any significant increase in current liabilities that could pressure working capital.
• Track revenue and profit trends (not provided here) to assess ongoing operational performance.
• Confirm director continues to maintain good governance and compliance with filing deadlines.
• Monitor any changes in shareholding or control that could impact strategic direction or credit risk.