Company Number: 12754993

Analysis Date: 2025-07-29 20:09 UTC

1. Credit Opinion: APPROVE
   Golden Six Limited demonstrates a stable and improving financial position suitable for credit facilities at the micro-entity level. The company shows consistent growth in net assets and working capital over the past four years, with no overdue filings or signs of distress. Directors appear engaged with no disqualifications or red flags. Given the small scale but positive trajectory, credit can be approved with standard monitoring.

2. Financial Strength:
   The balance sheet shows total net assets increased from £14,034 in 2021 to £35,893 in 2024, reflecting steady accumulation of equity and retained earnings. Fixed assets are modest (£14k), consistent with a small construction business, and current assets have grown significantly to £35,700, comfortably covering current liabilities of £13,888. The company has a strong net current asset position (£21,812), indicating good short-term financial health and solvency.

3. Cash Flow Assessment:
   Current assets exceed current liabilities by a healthy margin, which suggests adequate liquidity and working capital management. The increase in current assets year-on-year (from £24,366 to £35,700) supports operational needs and potential growth. The small number of employees (4) aligns with micro-entity status, keeping fixed overheads low. Though cash on hand is not explicitly detailed, the strong working capital implies no immediate liquidity concerns.

4. Monitoring Points:

• Maintain attention on cash flow cycles given the construction industry’s exposure to payment delays.
• Monitor any significant changes in director ownership or company control, as the PSC structure shifted recently.
• Track timely filing of accounts and confirmation statements to ensure compliance remains current.
• Watch for any changes in current liabilities that might indicate short-term funding pressure.
• Observe market conditions in domestic construction, which could impact revenue and profitability.