FLINT AND COOK LIMITED

Executive Summary

Flint and Cook Limited demonstrates sound financial health with strong liquidity and positive net assets, supporting its ability to service debt. While the company benefits from a solid working capital position, the significant amortisation of goodwill and its young age warrant cautious monitoring. Overall, the credit risk is moderate with no immediate concerns, subject to ongoing oversight of financial performance and sector conditions.

FLINT AND COOK LIMITED - Analysis Report

Company Number: 12997370

Analysis Date: 2025-07-20 13:19 UTC

1. Credit Opinion: APPROVE with caution. Flint and Cook Limited shows a solid net asset base and positive working capital, indicating the ability to meet short-term obligations. The company operates in real estate agencies with a stable local presence. However, intangible assets (goodwill) form a significant part of fixed assets and are subject to amortisation, which may impact future earnings. The company is relatively young (incorporated 2020) and has not provided audited accounts, so financial data should be monitored closely.

2. Financial Strength: The balance sheet is healthy with net assets of £393,580 as at 31 March 2024, slightly down from £412,697 in the prior year. The company maintains positive shareholders' funds and a strong equity base relative to liabilities. Fixed assets decreased mainly due to amortisation of goodwill (£50,000 amortised this year), and tangible assets remain modest (£18,964 net). Current liabilities have reduced significantly from £239,043 to £147,644, improving liquidity. The company fits within the "Small" account category and is compliant with filing deadlines.

3. Cash Flow Assessment: Current assets of £423,329 include a strong cash balance of £389,140, which covers current liabilities almost 2.6 times, indicating excellent liquidity and working capital management. Debtors have decreased by half compared to the previous year, possibly reflecting tighter credit control or quicker collections. The company’s net current assets improved from £241,618 to £275,685, supporting operational cash flow. This liquidity profile suggests the company can comfortably service short-term debts and fund working capital needs.

4. Monitoring Points:

• Continued amortisation of goodwill and its impact on profitability and net asset value.
• Debtor days and credit control effectiveness to ensure cash flow remains robust.
• Impact of market conditions on the real estate sector, which can be cyclical and sensitive to economic changes.
• Any changes in director or ownership structure that may affect governance or strategic direction.
• Verify future filing and audit status for improved financial transparency.