Company Number: 13102892

Analysis Date: 2025-07-20 14:40 UTC

1. Credit Opinion: APPROVE

Floor Fix Services Ltd demonstrates a solid financial position with positive net assets and working capital, reflecting a stable ability to meet short-term obligations. The company’s financial data shows growth in net assets from £10 (2020) to £56,168 (2023), indicating business expansion and increasing financial strength. The absence of overdue filings and consistent director management further supports confidence in the company’s governance and operational continuity. Given the micro-entity size and the nature of the civil engineering sector, the risk profile is low to moderate, suitable for standard credit facilities.

2. Financial Strength:

The balance sheet shows net assets of £56,168 as of 31 December 2023, up from £54,232 in 2022, which evidences incremental growth. Fixed assets increased to £4,363 from £1,118, suggesting some investment in long-term resources. Current assets remain strong at £46,976 against current liabilities of £5,429, yielding robust net current assets (working capital) of £52,405. Shareholders’ funds mirror net assets, indicating no hidden or off-balance sheet liabilities. Overall, the company maintains a conservative capital structure with minimal gearing risk.

3. Cash Flow Assessment:

Current assets predominantly consist of short-term liquid resources, which comfortably exceed current liabilities by a factor of nearly 9:1, signaling excellent liquidity. Working capital is positively maintained with no indication of cash flow stress. The consistently positive net current assets over recent years underline effective management of receivables, payables, and inventory. Although detailed cash flow statements are not provided, the financial position suggests the company can service short-term debt and operational expenses without difficulty.

4. Monitoring Points:

• Continued monitoring of the company’s ability to sustain or improve net assets and working capital, especially in the context of sector cyclicality.
• Watch for any significant increase in current liabilities or decreases in current assets that may impair liquidity.
• Review any changes in director composition or governance which could affect financial stewardship.
• Monitor any overdue filings or compliance issues that might indicate operational or administrative weaknesses.
• Keep an eye on the company’s turnover and profitability trends as these become available to better assess debt servicing capacity.