Company Number: 13816712

Analysis Date: 2025-07-29 14:35 UTC

1. Credit Opinion: APPROVE. Hillyer Group Ltd is a micro private limited company operating in management and IT consultancy. The company shows a stable balance sheet with positive net assets and net current assets, indicating sufficient short-term liquidity and low gearing risk. Directors have repaid internal advances promptly after year-end, reflecting sound cash management. No adverse filing or compliance issues exist. Given the company's young age (incorporated late 2021) and the niche consultancy sector, the credit risk is moderate but manageable, supporting approval for typical credit facilities.

2. Financial Strength: The company maintains a modest fixed asset base (£4,067 in 2023) and a strong current asset position (£32,499) relative to current liabilities (£16,313), resulting in net current assets of £16,186. Net assets increased slightly year on year from £19,891 to £20,253, indicating stability. Shareholders’ funds mirror net assets, confirming no hidden liabilities. The small scale and micro entity filing status limit financial detail, but the balance sheet shows adequate capitalization and working capital buffer for a small consultancy.

3. Cash Flow Assessment: Current assets mainly consist of cash and receivables, supporting liquidity. The reduction in current assets from 2022 (£61,133) to 2023 (£32,499) warrants monitoring but remains comfortably above current liabilities. Net current asset improvement signals effective working capital management. The repayment of director loans shortly after year-end suggests positive cash generation or availability of funds. Overall, liquidity appears sufficient to meet short-term obligations without stress.

4. Monitoring Points:

• Monitor revenue and profit trends as more detailed profit and loss data become available to assess operational performance.
• Track receivables aging and cash conversion cycles to ensure ongoing liquidity.
• Keep an eye on director loans or related party transactions to avoid dependency risks.
• Watch for any changes in client concentration or sector risks impacting consultancy demand.
• Confirm timely filing continues, as compliance promotes transparency and reduces risk.