Company Number: 13815175

Analysis Date: 2025-07-20 13:12 UTC

1. Credit Opinion: APPROVE
   HPS Cornwall Limited demonstrates a stable financial position with positive net current assets and net assets consistently growing over the last three years. The micro-entity status and small scale of operations limit risk exposure. Directors appear stable and have clear control, with no adverse records. The company’s ability to meet short-term liabilities comfortably indicates a sound capacity to service debt.

2. Financial Strength:
   The balance sheet shows net assets increasing from £3,958 in 2021 to £14,417 in 2025, reflecting gradual capital accumulation and retained earnings. Current assets consistently exceed current liabilities, resulting in positive net current assets (£14,387 in 2025). The company holds minimal liabilities, reducing financial risk. The absence of long-term debt is a positive indicator of conservative financial management.

3. Cash Flow Assessment:
   Current assets, likely including cash and receivables, are sufficient to cover short-term liabilities, with a current ratio above 40x (e.g., £14,752 / £365 in 2025), suggesting strong liquidity. The company reports no employees, implying low fixed overheads, reducing cash burn risk. Working capital is healthy, supporting operational liquidity and ability to absorb short-term shocks.

4. Monitoring Points:

• Monitor growth in turnover and profitability once available, as current data lacks income and cash flow statements.
• Watch for any changes in director status or ownership that could impact governance.
• Track any increases in liabilities or changes in asset composition that might affect liquidity.
• Review future filings for revenue diversification and operational scale-up risks.