Company Number: 13990058

Analysis Date: 2025-07-20 11:15 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   EZONE REPAIRS NUNEATON LIMITED is a very young micro-entity operating in computer and peripheral repair services, with only its first set of accounts filed. The company shows modest net assets but has net current liabilities and limited working capital, indicating tight short-term liquidity. Given the small scale and early stage, the ability to service debt is uncertain but not currently negative. Approval could be considered with conditions such as limits on facility size, short review cycles, and requirements for updated financials to monitor cash flow and trading progress.

2. Financial Strength:
   The balance sheet as of 31 March 2023 shows fixed assets of £3,282 and current assets of £1,371 offset by current liabilities of £1,562, resulting in net current liabilities of £191. Net assets stand at £2,566, fully represented by shareholders’ funds. The company is undercapitalized with a very small equity base and negative working capital, which limits financial resilience. There is no indication of borrowings or long-term liabilities yet, limiting leverage risk.

3. Cash Flow Assessment:
   Current assets are minimal with no breakdown provided, but given the nature of the business likely includes some cash and receivables. Current liabilities slightly exceed current assets, indicating potential liquidity pressure. The micro-entity status and absence of profit and loss data restrict deeper cash flow analysis. The company’s ability to meet short-term obligations depends on ongoing cash generation, which is unproven at this stage.

4. Monitoring Points:

• Regular review of updated management accounts focusing on cash flow and working capital trends.
• Monitor any increase in current liabilities or overdue payables.
• Track revenue growth and profitability reports once available to assess operational performance and debt servicing capacity.
• Watch for any director or ownership changes that may affect governance or strategy.
• Ensure timely filing of accounts and confirmation statements to maintain compliance and transparency.