Company Number: 13536979

Analysis Date: 2025-07-20 15:09 UTC

1. Credit Opinion: APPROVE

Golden Apple Solutions Ltd presents a credit profile consistent with a micro-entity in the software development sector. The company, active since 2021, has demonstrated a significant positive turnaround in its financial position by the 2024 year-end. Despite its small scale and single-employee operation, the business shows potential to meet its short-term obligations and manage a modest credit facility. The director’s long-standing control (75-100% shareholding and voting rights) and professional background in IT suggest stable management oversight. Given the absence of overdue filings and no indicators of financial distress, the company is eligible for credit approval with standard monitoring.

2. Financial Strength:

The latest accounts indicate net assets of £27,706 as of 31 July 2024, up from a negligible £44 the previous year and a negative equity position in 2021. Fixed assets are minimal (£540), typical for a software developer, with the bulk of assets held as current assets (£34,009), reflecting cash or receivables. Current liabilities stand at £6,844, leaving a healthy net working capital of £27,166. The balance sheet strength improved markedly in the latest year, indicating capital infusion or retained profits. Overall, the company has a solid equity buffer for its size and no external debt reported, indicating sound financial footing.

3. Cash Flow Assessment:

Current asset levels suggest reasonable liquidity, with current assets approximately five times current liabilities. The net current asset position of £27,166 provides comfortable short-term liquidity to cover operational expenses and debt servicing. The absence of significant creditors due within one year reduces immediate cash flow pressure. However, as a micro business with only one employee and limited asset base, cash flow is likely tightly managed and dependent on ongoing contract income. Monitoring of cash receipts and working capital turnover is advisable.

4. Monitoring Points:

• Track cash flow trends and debtor aging to ensure ongoing liquidity.
• Monitor profitability and retained earnings in future filings to assess sustainability.
• Watch for any significant increases in current liabilities or creditor days.
• Ensure timely filing of accounts and confirmation statements continue.
• Assess any changes in director control or company status that could affect creditworthiness.