EXPEDITE BUILDING SERVICES LIMITED

Executive Summary

Expedite Building Services Limited shows stable financial health with positive net assets and strong working capital. The company benefits from a supportive parent and professional management team, though cash flow depends on timely debtor collections. Credit facility approval is recommended with ongoing monitoring of receivables and operational profitability.

EXPEDITE BUILDING SERVICES LIMITED - Analysis Report

Company Number: 13559534

Analysis Date: 2025-07-29 21:16 UTC

1. Credit Opinion: APPROVE
   Expedite Building Services Limited demonstrates sound financial stability with positive net assets and working capital. The company is current with statutory filings and not in liquidation or administration, supported by a controlling parent entity which reduces credit risk. Directors have professional backgrounds relevant to the business, suggesting competent management. While the company is relatively young (incorporated in 2021), its financials show steady growth and no significant red flags. Credit approval is recommended with standard monitoring.

2. Financial Strength:
   The company’s net assets increased slightly from £170,100 in 2023 to £171,773 in 2024, indicating stable equity. Fixed tangible assets are modest (£11,534) relative to current assets (£343,185) showing a low capital intensity business model. The presence of interest-free intra-group receivables (£25,867) enhances asset quality but requires monitoring. The balance sheet shows prudent management of liabilities with current liabilities at £179,165, comfortably covered by current assets, resulting in positive net current assets of £164,020.

3. Cash Flow Assessment:
   Cash at bank decreased from £155,120 to £31,368, but this is offset by a significant increase in trade debtors from £165,404 to £270,342, suggesting timing differences in cash conversion. Current liabilities grew slightly but remain well covered by current assets, preserving liquidity. The company maintains positive working capital, indicating ability to meet short-term obligations. Monitoring debtor collection efficiency is advised to ensure cash flow remains robust.

4. Monitoring Points:

• Debtor days and collection efficiency to avoid cash flow squeeze due to rising trade debtors.
• Profitability trends and ability to generate cash from operations as profit and loss data is not provided.
• Continuity of support and transactions with related parties, particularly the parent company.
• Impact of any changes in construction industry regulations or economic conditions affecting business support services.