Company Number: 13919119

Analysis Date: 2025-07-29 12:09 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Holmans Fields Limited is an active private limited company incorporated in 2022 with a relatively short operating history. The latest accounts show growth in total assets and shareholders’ funds, which is positive. However, the company has a working capital deficit (£-2,730) as of the 2024 year-end, indicating liquidity pressure. The net current liabilities have increased significantly compared to the prior year. The director holds full control, which can be positive for decision-making but also concentrates risk. Given these factors, credit approval is recommended subject to conditions such as monitoring liquidity closely and possibly securing additional collateral or guarantees to mitigate working capital risk.

2. Financial Strength:
   The company’s total assets less current liabilities increased from £8,902 in 2023 to £11,019 in 2024, reflecting asset growth primarily from tangible fixed assets (plant and machinery increased by £4,000 net). Shareholders’ funds have improved from £8,902 to £11,019, showing retained earnings growth. However, the working capital position deteriorated due to a rise in current liabilities, notably taxation and social security creditors, which jumped from £712 to £4,819. The fixed asset base is tangible and depreciated on a systematic basis, but the limited cash reserves and increased short-term debts highlight some financial strain.

3. Cash Flow Assessment:
   Cash balances are low but have increased slightly (£3,214 vs. £2,480). The company’s net current liabilities indicate that current liabilities exceed current assets, which may impact the ability to meet short-term obligations without refinancing or additional working capital. The increase in tax and social security liabilities suggests timing issues or cash flow mismatches that require attention. The company’s very small workforce (1 employee) limits payroll pressures, but overall cash flow management needs close scrutiny to ensure operational continuity.

4. Monitoring Points:

• Liquidity ratios and working capital position to track improvements or further deterioration.
• Timely settlement of tax and social security liabilities to avoid penalties or enforcement actions.
• Continued growth in tangible fixed assets to ensure productive use of capital.
• Director’s management actions on cash flow and strategies to reduce current liabilities.
• Any changes in company control or shareholder structure that may affect governance or financial risk.