IOFFSET LTD

Executive Summary

IOFFSET LTD presents a strong and improving financial position with good liquidity and growing net assets. The company shows capacity to service debt with prudently managed working capital and low gearing. Continued monitoring of receivables and intercompany balances is recommended to maintain credit quality.

IOFFSET LTD - Analysis Report

Company Number: 12541860

Analysis Date: 2025-07-29 18:15 UTC

1. Credit Opinion: APPROVE
   IOFFSET LTD demonstrates a solid financial profile with growing net assets and strong liquidity. The company is active in environmental consulting, a sector with increasing demand due to sustainability trends. The director has maintained compliance with filing deadlines and there are no adverse director conduct records. The company’s low gearing and significant working capital position support its ability to meet debt obligations.

2. Financial Strength:
   The balance sheet shows steady improvement over the last three years. Net assets increased from £158K in 2023 to £270K in 2024, driven by growth in current assets and fixed assets. Intangible assets are present but amortised prudently. The company has a modest share capital of £300, with retained earnings (profit and loss reserves) increasing significantly, indicating profitability and internal capital generation. No long-term liabilities are disclosed, indicating low financial risk.

3. Cash Flow Assessment:
   Cash and current asset levels have nearly doubled from £154K in 2023 to £304K in 2024, with cash balances rising from £56K to £136K, showing strong liquidity and cash management. Current liabilities remain well covered by current assets, providing a net current asset (working capital) buffer of £191K, which supports ongoing operations and short-term obligations comfortably. The increase in trade debtors and intercompany balances warrants monitoring but is supported by increased cash.

4. Monitoring Points:

• Monitor debtor collection periods and intercompany balances to ensure cash conversion cycles remain healthy.
• Watch for any increase in creditors, especially related to director or group undertakings, to assess potential liquidity stress.
• Track profitability trends once profit and loss accounts are available, as these are not included in the current filing.
• Observe sector conditions and regulatory changes impacting environmental consulting demand.