Company Number: 14384893

Analysis Date: 2025-07-29 17:39 UTC

1. Credit Opinion: CONDITIONAL APPROVAL. ENERGYSECUREUK LTD is an active micro-entity operating in the private security and security systems service sector. The company shows modest net assets and has increased its fixed assets significantly in the latest year. However, there is a persistent negative working capital position, reflecting current liabilities exceeding current assets by £17,909 as of 30 September 2024, which raises concerns about short-term liquidity and ability to meet immediate obligations. The company is young (incorporated in 2022) and has a very small workforce (2 employees), indicating a start-up stage with limited financial history. Credit approval may be considered with conditions such as monitoring cash flow closely and possibly requiring personal guarantees or other credit enhancements.

2. Financial Strength: The balance sheet reveals net assets of £4,691 at FY 2024 year-end, up from £1,792 the previous year, showing some growth. Fixed assets increased substantially from £3,600 to £22,600, suggesting investment in equipment or infrastructure to support business operations. However, current liabilities have nearly doubled, causing net current liabilities of £17,909. Total assets less current liabilities remain positive but minimal. The company’s equity base is very thin, meaning limited buffer against financial shocks. Overall, the financial strength is weak but improving, typical for a start-up micro-entity.

3. Cash Flow Assessment: The significant negative net current assets position indicates potential liquidity stress. Current liabilities exceed current assets by a wide margin, implying the company may struggle to settle short-term debts without additional financing or cash inflows. The absence of disclosed cash balances and profit/loss data limits detailed cash flow analysis, but the working capital deficit suggests tight cash management is required. The small employee base and micro-entity status may limit expenses, but monitoring receivables collection and creditor payment terms is crucial.

4. Monitoring Points:

• Working capital ratio and trends in current assets vs. current liabilities
• Cash flow statements once available to assess operational cash generation
• Profitability and margins as business scales
• Fixed asset utilization and return on investment from recent capital expenditure
• Continued compliance with filing deadlines and absence of director changes or governance issues
• Potential impact of customer concentration or contract stability in the security services sector
• Directors’ ability to inject or secure additional capital if needed