Company Number: 14897936

Analysis Date: 2025-07-29 18:59 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   ELEV8NOW LIMITED is a recently incorporated private limited company with a primary activity in management consultancy (SIC 70229). Given its nascent stage and limited financial history, credit exposure should be granted cautiously. The company demonstrates positive net current assets and net equity, but the balance sheet is modest in size and includes significant related party debt. Approval is recommended with conditions, including close monitoring of trading performance, cash flow management, and further evidence of operational sustainability before extending significant credit.

2. Financial Strength:
   The company reported net assets of £2,564 as of 31 May 2024, reflecting a very small equity base with £100 share capital and the remainder as retained earnings. Current assets total £11,705, predominantly debtors (£9,041) that are owed by directors, alongside £2,664 in cash. Current liabilities stand at £9,141, mainly corporation tax (£8,241) and accruals (£900). The net current asset position of £2,564 indicates a modest working capital buffer. There are no long-term assets or liabilities reported. Overall, the financial position is fragile but solvent, typical for a start-up entity.

3. Cash Flow Assessment:
   Cash holdings are low at £2,664, which may limit liquidity flexibility. The large debtor balance is related party debt owed by directors, interest-free and expected to be repaid within nine months, improving short-term liquidity prospects. However, the significant corporation tax creditor suggests the company has tax liabilities that must be managed promptly. The absence of audit and limited financial disclosures reduce visibility on actual cash generation. The current working capital position is positive but narrow, highlighting the need for prudent cash flow management.

4. Monitoring Points:

• Timely repayment of director loans to bolster liquidity.
• Ability to settle corporation tax liabilities as they fall due.
• Revenue growth and profit generation to move beyond initial start-up losses and small equity base.
• Maintenance of positive net current assets and avoidance of overdue filings.
• Management’s track record and governance, noting both directors are also PSCs with majority control.