Company Number: 14570431

Analysis Date: 2025-07-29 13:57 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Emma Bevan Equestrian Limited is a newly incorporated small private company engaged in raising horses and other equines. The company shows a modest but positive net asset position and working capital as of its first financial year. However, given its recent start (incorporated January 2023), limited trading history, and small equity base (£1,048), the company presents a moderate credit risk. Approval is recommended with conditions including close monitoring of financial performance, cash flow, and timely filing of future accounts to ensure creditworthiness strengthens.

2. Financial Strength
   The balance sheet as of 31 January 2024 reports total assets less current liabilities of £1,048, representing shareholders’ funds of the same amount. Cash at bank of £17,220 comfortably covers current liabilities of £16,172, yielding positive net current assets of £1,048. The capital structure is minimal with only £100 in called-up share capital and retained earnings of £948. The absence of long-term liabilities and fixed assets is typical for a start-up in this sector. Overall, the company’s financial strength is weak but stable for its size and age.

3. Cash Flow Assessment
   Cash resources of £17,220 exceed current liabilities by a small margin, indicating an adequate short-term liquidity position. The company has a single employee (the director) and limited operational scale, which reduces fixed overhead burden. However, working capital is tight (£1,048), suggesting limited buffer against unforeseen expenses or downturns. The company’s ability to generate consistent cash inflows should be closely tracked. No external debt is present, so financial leverage risk is low.

4. Monitoring Points

• Future turnover and profitability to assess business viability and growth trajectory.
• Timely submission of accounts and confirmation statements to maintain regulatory compliance.
• Changes in working capital and cash balances to ensure liquidity remains sufficient.
• Director’s management and operational decisions impacting risk, given single-person control.
• Any increase in liabilities or introduction of external debt which would affect repayment capacity.