Company Number: 14808907

Analysis Date: 2025-07-29 20:58 UTC

Credit Opinion:
APPROVE with conditions. Get Rich Quick Design Limited is a newly incorporated micro-entity with a clean legal status and no adverse director history. The company has demonstrated positive net current assets and net equity at its first year-end, indicating initial financial stability. However, as a start-up with only one employee and limited trading history, credit exposure should be cautiously monitored and limited to short-term facilities until a more robust financial track record is established.

Financial Strength:
The balance sheet as of 30 April 2024 shows current assets of £73,569 against current liabilities of £18,350, resulting in net current assets of £55,219. This positive working capital position supports short-term financial obligations. Shareholders’ funds of £55,219 demonstrate that the business is currently equity-funded without long-term liabilities. Given the company falls into the micro category, fixed assets and long-term debt information is not available, but the balance sheet indicates a sound initial equity base.

Cash Flow Assessment:
While detailed profit and loss information is not provided, the positive net current assets imply reasonable liquidity. The company’s cash or near-cash current assets exceed short-term creditors by a comfortable margin, suggesting it can meet immediate liabilities. However, the absence of a profit and loss account and limited operational history means cash flow consistency and sufficiency to service debt over time remain unproven.

Monitoring Points:

• Future annual accounts and cash flow statements to assess profitability and ongoing liquidity.
• Any increase in current liabilities or deterioration in working capital ratios.
• Director’s management of expenses and revenue growth given the single-employee setup.
• Timely filing of statutory accounts and confirmation statements to avoid compliance risks.
• Any expansion of operations that may increase financial risk or require additional financing.