INCUS SOLUTIONS LTD

Executive Summary

Incus Solutions Ltd, a newly established micro private limited company, demonstrates a healthy initial financial position with strong net current assets and positive net worth. The company’s liquidity and balance sheet strength support an approval for modest credit facilities, though ongoing monitoring of cash flow and growth metrics is advised as the business scales. Directors appear capable and filings are up to date, mitigating immediate credit risk concerns.

INCUS SOLUTIONS LTD - Analysis Report

Company Number: 15392989

Analysis Date: 2025-07-20 13:52 UTC

1. Credit Opinion: APPROVE
   Incus Solutions Ltd is a recently incorporated micro-entity with a solid initial financial position. The company shows positive net current assets of £37,852 against modest liabilities, indicating adequate short-term liquidity to meet obligations. The directors have demonstrated sound stewardship by maintaining a positive net asset position and filing accounts and returns on time. Given its micro size and early stage, credit exposure should be limited, but the strong working capital and absence of overdue filings support approval for modest credit facilities.

2. Financial Strength:
   The balance sheet as of 31 January 2025 reveals total net assets of £39,945 primarily driven by net current assets of £37,852. Fixed assets are minimal at £2,093, which is typical for a consultancy business. The company has a low level of current liabilities (£20,445), resulting in a comfortable current ratio above 2.8x (current assets/current liabilities). Shareholder funds mirror net assets and are fully positive, indicating no accumulated losses. The micro-entity status reflects the small scale but does not raise concerns on financial strength at this stage.

3. Cash Flow Assessment:
   Current assets of £58,297 likely include cash or equivalents and receivables, providing liquidity buffer to cover current liabilities. The net working capital position is healthy, supporting operational needs and short-term obligations. With only two employees and minimal fixed assets, cash outflows for overhead and capital expenditure are expected to be low, enhancing cash flow stability. No evidence of cash flow constraints or liquidity risk is apparent from the data provided.

4. Monitoring Points:

• Monitor revenue growth and profitability trends as the company matures beyond its first year to ensure continued ability to service debt.
• Track changes in working capital components to detect any potential liquidity tightening, especially receivables aging and creditor payments.
• Review director conduct and management stability given the company’s reliance on two directors with full share control.
• Watch for any overdue filings or deteriorations in net assets that could signify financial stress.
• Given the consultancy SIC code, monitor client concentration risk and payment patterns impacting cash flow.