Company Number: 14109055

Analysis Date: 2025-07-29 18:59 UTC

1. Credit Opinion: APPROVE with conditions
   Holimpia Limited demonstrates improving financial strength with positive net assets and increasing working capital. However, the company is relatively new (incorporated in 2022) and currently small-scale (micro-entity). The presence of a significant creditor balance falling due after more than one year (£67,861) warrants scrutiny regarding repayment terms. Approval is recommended conditional on ongoing monitoring of liquidity and debt servicing capacity as the business scales.

2. Financial Strength:
   The balance sheet shows a steady increase in net assets from £17,013 in 2023 to £37,174 in 2024. Fixed assets are minimal (£455) indicating limited capital expenditure so far. Current assets have grown substantially from £38,815 to £136,250, driven likely by cash or receivables. Current liabilities increased but net current assets improved markedly to £104,580, suggesting healthy short-term financial flexibility. Long-term liabilities of £67,861 appear in 2024 and should be assessed for repayment risk. Overall equity remains positive and growing.

3. Cash Flow Assessment:
   The substantial increase in current assets relative to current liabilities indicates improved liquidity and working capital management. The company’s micro size and single employee suggest limited overheads. No audit requirement under micro-entity exemption means detailed cash flow statements are not available, but the net current asset position signals adequate liquidity to meet short-term obligations. Monitoring cash generation and creditor days will be essential as the company expands.

4. Monitoring Points:

• Track the maturity and servicing of the non-current liabilities (£67,861) to ensure no refinancing risks.
• Monitor growth in current liabilities relative to current assets to prevent liquidity squeeze.
• Observe profitability trends when available in future filings to assess earnings quality.
• Review director’s continued financial stewardship and adherence to filing deadlines (currently compliant).
• Keep watch on client concentration risk given the niche property management sector and micro size.