Company Number: 13565098

Analysis Date: 2025-07-20 11:53 UTC

1. Credit Opinion: APPROVE with conditions. Hag 80 Ltd is a micro-entity architectural consultancy with a modest asset base and limited scale. The company shows a positive net asset position and net current assets, indicating working capital sufficiency. However, the latest financial year reflects a substantial decline in current assets and net assets compared to prior years, suggesting potential liquidity tightening. Given the single-director structure and small size, credit exposure should be limited and closely monitored for cash flow trends.

2. Financial Strength: The balance sheet as of 31 August 2024 shows total assets less current liabilities of £2,649 and shareholders’ funds of the same amount. Fixed assets are minimal (£1,234), consistent with the nature of an architectural services firm. The decline from £4,398 in shareholders’ funds the prior year to £2,649 indicates erosion of equity, possibly due to operating losses or distributions. Current liabilities are low (£344), resulting in net current assets of £1,415, a comfortable short-term liquidity buffer.

3. Cash Flow Assessment: Current assets dropped significantly from £7,507 to £1,759 while current liabilities decreased from £4,373 to £344. The reduction in current liabilities is positive but the sharp fall in current assets, primarily cash or receivables, raises caution. No audit or cash flow statement is available, but the working capital remains positive. The company’s ability to meet short-term obligations appears adequate, though the fall in liquid resources warrants careful monitoring.

4. Monitoring Points:

• Track future filings for recovery or further deterioration of net assets and current assets.
• Monitor payment patterns and aging of receivables to detect any collection issues.
• Review director’s actions and company strategy to address the equity reduction.
• Confirm stability of revenue streams given the micro size and reliance on a single director.
• Ensure compliance with filing deadlines and absence of arrears to maintain good standing.