HOMELIFTS UK LIMITED

Executive Summary

HOMELIFTS UK LIMITED demonstrates stable financial health with growth in net assets and positive working capital, supporting its capacity to meet debt obligations. The company’s micro entity status and consistent compliance reduce credit risk, justifying credit approval with standard monitoring. Attention should focus on provisions and liquidity trends to maintain ongoing creditworthiness.

HOMELIFTS UK LIMITED - Analysis Report

Company Number: 13583890

Analysis Date: 2025-07-29 15:54 UTC

1. Credit Opinion: APPROVE
   HOMELIFTS UK LIMITED presents a stable financial profile for a micro entity with consistent net asset growth over the last three years. The company shows positive working capital and no overdue filings, indicating sound management and compliance discipline. Given its small scale and niche electrical installation activity, it is creditworthy for limited lending or trade credit with standard conditions, subject to ongoing monitoring of cash flow and creditor management.

2. Financial Strength:
   The balance sheet reflects modest but improving financial strength. Net assets have increased from £23,023 in 2021 to £32,393 in 2024, driven primarily by growth in current assets, especially cash or receivables, which rose from £11,812 to £44,433. Fixed assets remain stable around £20k, consistent with the company’s micro status and limited capital intensity. The provision for liabilities of £3,968 in 2024 should be clarified but does not materially detract from overall equity strength.

3. Cash Flow Assessment:
   Current assets exceed current liabilities by £16,520, indicating healthy short-term liquidity and working capital management. The increase in current assets over the year (+~£7k) outpaces the increase in current liabilities (+~£2.5k), supporting the company’s ability to meet its short-term obligations. With only one employee, overheads are likely low, enhancing cash flow stability. However, detailed cash flow statements are not provided, so cash generation sustainability should be verified through periodic reviews.

4. Monitoring Points:

• Confirm the nature and timing of the provision for liabilities to assess any contingent risks.
• Monitor working capital trends to ensure liquidity remains sufficient as the company grows.
• Review payment performance on trade creditors and any new borrowing to avoid overextension.
• Keep track of any changes in customer concentration or contract terms in the electrical installation sector.
• Review annual filings for timely updates and any changes in directors or ownership that may affect governance.