Company Number: 15392928

Analysis Date: 2025-07-20 13:50 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Halleyin Software Consultancy Ltd is a newly incorporated micro-entity with limited financial history. The company shows a positive net current asset position and modest equity, indicating initial financial stability. However, due to its young age (just over one year) and limited financial scale, credit risk remains moderate until further trading history and cash flow consistency are established. Credit facilities should be extended with conditions such as monitoring of trading performance, timely filing of accounts, and maintaining adequate liquidity.

2. Financial Strength:
   The balance sheet at 31 January 2025 shows total current assets of £5,019 against current liabilities of £3,723, resulting in net current assets of £1,296. No fixed assets or long-term liabilities are reported, which is typical for a start-up micro-entity. Shareholders’ funds equal net assets at £1,296, reflecting initial capital injection or retained earnings. The company employs 2 people, suggesting a small operational scale consistent with micro-entity classification. Overall, the financial position is solvent but very modest in size.

3. Cash Flow Assessment:
   Current assets appear largely liquid, likely comprising cash and receivables given the absence of fixed assets. The positive net working capital of £1,296 suggests the company can cover short-term obligations. However, the absolute amounts are small, indicating limited buffer against unexpected expenses or revenue shortfalls. Cash flow visibility is limited due to a lack of reported profit and loss data and short trading history. Maintaining close control of working capital and regular cash flow monitoring is essential.

4. Monitoring Points:

• Timely submission of subsequent annual accounts and confirmation statements to ensure compliance and transparency.
• Growth in turnover and profit generation to improve equity and cash reserves.
• Working capital trends and liquidity ratios to detect emerging cash flow pressures.
• Management of payables and receivables cycles to maintain positive net current assets.
• Any changes in director or ownership structure, particularly given single shareholder control.