ICU LONDON LTD

Executive Summary

ICU LONDON LTD exhibits a sound financial foundation with positive net assets and controlled liabilities, supporting a conditional credit approval. The company’s liquidity is adequate but requires close monitoring due to declining cash balances and rising receivables. Continued oversight of working capital management and operational performance is advised to mitigate risk as the business develops.

ICU LONDON LTD - Analysis Report

Company Number: 13991003

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

Credit Opinion: CONDITIONAL APPROVAL
ICU LONDON LTD is a recently incorporated private limited company (March 2022) operating in combined office administrative services and retail sale by opticians. The company demonstrates a positive net asset position and growing equity base, which supports creditworthiness. However, the company’s small scale (single employee) and limited operating history warrant cautious credit extension with ongoing monitoring. The directors have maintained compliance with filing requirements and there are no red flags in management or company status.

Financial Strength:
The balance sheet as of 31 March 2024 shows total net assets of £122,909, up from £102,823 the previous year, indicating modest growth in equity. Fixed assets are relatively low at £16,447, consistent with a service and retail business model. Current assets increased slightly to £128,117, driven by rising stock levels (£64,648) and debtors (£182,866), while current liabilities remain low at £11,239. The company holds cash balances of £9,899, reduced from £28,409 last year, which may warrant attention. Overall, the balance sheet reflects a stable financial position with positive working capital (£139,356).

Cash Flow Assessment:
The company’s liquidity position is supported by strong net current assets, suggesting sufficient short-term resources to meet liabilities. However, the decline in cash reserves by approximately £18,500 from prior year signals tighter cash management or increased working capital tied in stock and receivables. The relatively high level of debtors compared to cash indicates some exposure to collection risk. Given the company’s small size and one employee, close monitoring of cash conversion cycles and receivables aging is recommended to ensure ongoing liquidity.

Monitoring Points:

• Cash flow and cash reserves trend, particularly given the reduction in cash on hand.
• Debtor collection periods and credit risk management.
• Stock turnover efficiency to avoid obsolescence or overstocking.
• Profitability metrics (not disclosed here) to confirm operational sustainability.
• Management continuity and any changes to director appointments, given recent director turnover.
• Compliance with future filing deadlines and audit exemptions as company grows.