HONEYBERRY SOLUTIONS LTD

Executive Summary

Honeyberry Solutions Ltd, a micro-entity manufacturing food products, shows a solid financial base with positive equity and working capital, supporting its creditworthiness. The company is compliant with statutory filings and enjoys backing from a controlling parent entity, which enhances business stability. Continued monitoring of liquidity trends and receivables management is advised to safeguard repayment capacity.

HONEYBERRY SOLUTIONS LTD - Analysis Report

Company Number: 13910188

Analysis Date: 2025-07-29 20:33 UTC

1. Credit Opinion: APPROVE
   Honeyberry Solutions Ltd demonstrates a stable financial position with positive net assets and working capital. The company is current on filings with no overdue accounts or confirmation statements, indicating sound compliance and governance. Although a micro-entity with limited financial disclosure, the balance sheet suggests adequate capability to meet short-term obligations. The ownership by Global Flavour Solutions Ltd (75-100% control) may provide additional operational support and stability. Given the company’s short trading history but clear positive equity and liquidity, credit approval is recommended at present.

2. Financial Strength:
   The company reports net assets of £58,112 as of 29 February 2024, slightly down from £66,590 the previous year, reflecting a small decline but still positive equity. Fixed assets are minimal (£1,188), appropriate for a micro-entity in manufacturing. Current assets of £209,579 comfortably cover current liabilities of £156,052, yielding net current assets (working capital) of £57,924. The capital structure is entirely equity-financed with no long-term liabilities visible, which limits financial risk.

3. Cash Flow Assessment:
   Current assets include cash and receivables totalling over £200k, supporting liquidity. Although specific cash figures for 2024 are not disclosed, prior year cash was £21,473 and debtors nearly £95k, indicating reasonable cash conversion potential. The positive working capital and absence of overdue liabilities suggest the company is able to meet operational and short-term financial commitments without stress. Limited staff (2 employees) also implies low fixed overheads.

4. Monitoring Points:

• Track net asset trend and working capital closely to detect any liquidity erosion.
• Monitor debtor aging and cash flow cycles given the manufacturing and food product sector’s typical payment terms.
• Review any future growth plans or capital investments that may impact leverage or liquidity.
• Confirm ongoing support and relationship with parent company Global Flavour Solutions Ltd for financial or operational backing.
• Watch for any late filings or compliance issues that could signal governance weaknesses.