Company Number: 12738313

Analysis Date: 2025-07-29 12:41 UTC

1. Credit Opinion: APPROVE

Estuary Multi-Trade Ltd demonstrates a solid financial position with strong net current assets and growing shareholders' funds. The company shows prudent management of working capital and tangible fixed assets, with no signs of distress or overdue filings. Given the positive liquidity, manageable liabilities, and stable control structure, the company is capable of servicing debt obligations for standard credit facilities.

2. Financial Strength:

• Net assets increased from £378,121 in 2023 to £416,577 in 2024, showing equity growth.
• Tangible fixed assets rose significantly to £77,313, reflecting investment in operational capacity.
• The company maintains a low share capital (£150) but healthy retained earnings (profit and loss reserves of £416,427).
• Current liabilities have decreased substantially from £125,332 (2023) to £64,763 (2024), improving short-term solvency.
• There is a small long-term creditor balance (£4,133), which is not a concern given overall asset coverage.

3. Cash Flow Assessment:

• Cash decreased from £286,326 (2023) to £189,886 (2024), but remains adequate relative to current liabilities.
• Debtors increased to £218,274, indicating higher sales but requires monitoring for collection efficiency.
• Net current assets improved slightly to £343,397, providing a comfortable liquidity buffer.
• The reduction in current liabilities strengthens working capital, indicating better short-term financial management.
• No overdrafts or adverse financing arrangements are apparent.

4. Monitoring Points:

• Debtor aging and collection performance to ensure cash flow remains stable.
• Continued management of current liabilities to prevent liquidity strain.
• Profitability trends, as profit and loss details were not provided, to verify sustainable earnings.
• Asset utilization and depreciation rates relative to industry benchmarks.
• Any changes in director or PSC status that might affect governance or control.