Company Number: 12774257

Analysis Date: 2025-07-29 17:17 UTC

1. Credit Opinion: APPROVE

8. TURNER LTD demonstrates a stable and improving financial position suitable for credit consideration. The company, classified as a micro entity, has shown consistent growth in net current assets and shareholders' funds over the past four years. Its active status and absence of overdue filings or liquidation signals further support a positive credit stance. Given the limited scale and single director operation, credit facilities should be modest and monitored but can be approved based on current data.

2. Financial Strength:
   The balance sheet reflects a solid upward trajectory in net current assets, rising from £804 in 2020 to £16,342 in 2024. Shareholders' funds have increased correspondingly, indicating retained earnings or capital injection. The company holds only current assets with no long-term liabilities visible, showing a clean and simple capital structure. The micro-entity status and minimal share capital (£100) highlight a small but growing business with manageable financial commitments.

3. Cash Flow Assessment:
   Current assets increased significantly from £13,596 to £22,188 in the latest year, while current liabilities have risen modestly from £4,330 to £5,846. This results in a healthy net working capital position (£16,342), suggesting good short-term liquidity and ability to meet immediate obligations. The stability of current assets relative to liabilities implies low liquidity risk and adequate cash flow management for daily operations.

4. Monitoring Points:

• Maintain oversight on working capital trends to ensure liquidity remains sufficient as the business grows.
• Monitor any changes in liabilities or introduction of long-term debt that could affect leverage.
• Given the sole director structure, assess governance and risk controls periodically.
• Watch for any overdue filings or changes in company status that might signal financial distress.
• Review performance relative to industry sector (other sports activities) to anticipate external risks.