Company Number: 12511482

Analysis Date: 2025-07-19 12:41 UTC

1. Credit Opinion: APPROVE with monitoring.
   Extracted Ltd demonstrates a strong improvement in its financial position over the last two years, with net assets increasing significantly from £14,977 in 2023 to £114,607 in 2024. The company shows a healthy working capital position and no indications of financial distress. However, being a micro-entity with no employees and limited fixed assets, the company’s ability to generate consistent cash flow should be monitored closely. The presence of corporate directors suggests a professional governance structure but should be reviewed for any related party risks.

2. Financial Strength:
   The balance sheet shows a solid net asset base of £114,607 as of 31 March 2024, up from £14,977 the prior year, indicating rapid growth or capital injection. Fixed assets are minimal (£375), consistent with a micro-business model focused on current assets, which increased substantially to £136,829. Current liabilities remain stable at around £22,597. The company’s equity position is strong, supported by retained earnings or capital contributions. The balance sheet indicates no leverage or long-term debt exposure, which reduces risk.

3. Cash Flow Assessment:
   Current assets greatly exceed current liabilities, resulting in net current assets of £114,232, a significant increase from £14,228 in the previous year. This suggests good liquidity and working capital management, potentially supporting short-term obligations and operational needs without reliance on external borrowing. However, the absence of employees and minimal fixed assets implies the company operates with a lean cost base, likely dependent on cash inflows from sales or capital injections. Cash flow from operations should be verified to ensure sustainability.

4. Monitoring Points:

• Continued growth in current assets and net assets to sustain creditworthiness.
• Verification of cash flow from operations given the lack of employees and minimal fixed assets.
• Any changes in corporate directors and related party transactions.
• Timely filing of accounts and confirmation statements (currently up to date).
• Monitor for any sudden increase in liabilities or reduction in liquidity.