Company Number: 12923356

Analysis Date: 2025-07-20 13:59 UTC

1. Credit Opinion: DECLINE. G & A Bricklaying Ltd demonstrates extremely limited financial resources and minimal net worth, with net assets falling to only £2 as of the latest accounts. The company's micro-entity status with consistently minimal working capital and negligible equity indicates a very weak financial position, raising significant concerns about its ability to service any debt or credit facility. Given the small scale, lack of growth, and near break-even balance sheet, the company lacks sufficient financial buffer to absorb shocks or support credit obligations reliably.

2. Financial Strength: The balance sheet shows a net asset value of £2 as at 30 September 2024, down from £70 the previous year. Current assets are just slightly above current liabilities (£6,064 vs £6,062), resulting in virtually no working capital. Fixed assets are nil, indicating no tangible long-term asset base. Share capital is minimal at £2, reflecting negligible shareholder investment. This extremely thin capitalization and minimal equity base suggest poor financial strength and limited capacity to absorb losses.

3. Cash Flow Assessment: The company's net current assets of £2 imply very tight liquidity with barely sufficient short-term assets to cover short-term liabilities. The drop in current assets from £8,675 to £6,064 year-on-year further signals potential cash flow constraints. The average employee count remains steady at 2, consistent with a micro-sized operation. However, the lack of significant working capital buffer means that any delays in receivables or increase in payables could quickly impact liquidity, making the company vulnerable to cash flow stress.

4. Monitoring Points:

• Monitor quarterly cash flow and working capital trends closely for signs of liquidity deterioration.
• Watch for any increases in current liabilities that could stretch the company’s limited resources.
• Track turnover or revenue growth, if data becomes available, to assess potential for financial improvement.
• Review director’s conduct or changes in ownership/control that may impact governance and financial discipline.