Company Number: 13839667

Analysis Date: 2025-07-29 16:09 UTC

1. Credit Opinion: APPROVE
   I CARE GLOBAL LTD is a recently incorporated micro-entity operating in the specialist medical practice sector. The company demonstrates a positive net asset position that has improved from £917 to £1,420 over the latest financial year, indicating modest growth. Its current liabilities are low and decreasing, and net current assets remain positive, suggesting sufficient short-term liquidity to meet obligations. There is no indication of overdue filings or director disqualifications, reflecting sound governance. Overall, the company appears capable of servicing credit facilities, but given its nascent stage and small scale, credit should be extended with standard monitoring.

2. Financial Strength:
   The balance sheet presents a net asset value of £1,420 as of 31 January 2024, up from £917 the previous year. Current assets stand at £3,166, comfortably exceeding current liabilities of £1,746, yielding positive net current assets of £1,420. The company has minimal share capital (£100) and operates with only one employee on average, consistent with its micro-business status. The increase in net assets and working capital is a positive sign, though the absolute values are small, reflecting limited operational scale and capital buffer.

3. Cash Flow Assessment:
   Positive net current assets indicate adequate short-term liquidity, supported by current assets significantly higher than current liabilities. The growth in net current assets from £917 to £1,420 suggests improving working capital management. However, detailed cash flow statements are not provided; so, while the balance sheet implies the company is not under immediate liquidity stress, cash generation and operational cash flow sustainability should be confirmed with future filings.

4. Monitoring Points:

• Track annual growth in net assets and net current assets to ensure ongoing financial stability.
• Monitor any changes in director or significant control positions for governance risks.
• Review future cash flow statements when available to confirm liquidity trends.
• Watch for any overdue filings or negative changes in credit behavior as the company grows.
• Assess revenue and profitability trends once detailed profit and loss information is filed as the company matures.