Company Number: 14653552

Analysis Date: 2025-07-29 19:39 UTC

1. Credit Opinion: APPROVE with monitoring
   IGA Bedford Ltd is a newly incorporated private limited company operating in the unlicensed restaurant and café sector. The company shows a positive net asset position and working capital, indicating an ability to meet short-term obligations. However, as it has only one financial year of trading, the credit history is limited. Approval is recommended with conditions to monitor trading performance and cash flow over the next 12 months to confirm business stability and growth trajectory.

2. Financial Strength
   The micro-entity balance sheet as of 28 February 2024 shows total net assets of £20,447 and net current assets of £4,326. Fixed assets of £19,950 represent a significant investment relative to the size of the company, likely in equipment or premises fit-out. Current assets exceed current liabilities, providing a comfortable liquidity buffer. There is a long-term creditor balance of £3,829, which should be monitored for repayment terms. Overall, the balance sheet is healthy for a startup company.

3. Cash Flow Assessment
   Current assets of £6,374 against current liabilities of £2,048 indicate positive short-term liquidity. The net current assets of £4,326 suggest adequate working capital to support ongoing operations. However, actual cash flow data and profit and loss figures are not provided, so cash generation and sufficiency to cover debt service and operating expenses cannot be fully assessed. Continued monitoring of cash flow statements is necessary to ensure sustained liquidity.

4. Monitoring Points

• Track subsequent trading results and cash flow statements to confirm profitability and liquidity trends.
• Monitor repayment of creditors falling due after one year (£3,829) to assess long-term debt management.
• Watch for any overdue filings or changes in director status.
• Evaluate any expansion or capital expenditure plans that could affect financial stability.
• Observe sector risks, especially given the hospitality industry's sensitivity to economic cycles and consumer spending.