Company Number: NI693331

Analysis Date: 2025-07-19 12:44 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   JAZ Care Ltd is a micro-entity incorporated recently in December 2022, operating in residential nursing care facilities. The company shows modest positive net assets and net current assets as of 31 December 2023, indicating a positive working capital position. However, the company is very young with limited financial history, and the financial statements are unaudited, reducing transparency and increasing risk. The company employs 57 staff, indicating operational scale beyond typical micro thresholds, so careful monitoring is required. Credit approval can be granted conditionally with limits on exposure and requirements for updated financials and cash flow reports.

2. Financial Strength:

• Net assets stand at £13,029, a low but positive figure, reflecting early-stage capitalisation.
• Net current assets (working capital) are £15,529, indicating the company can meet short-term liabilities.
• Total current liabilities of £135,164 are covered by current assets of £150,593, though the margin is modest.
• No fixed assets or long-term liabilities reported, suggesting limited capital investment or borrowing so far.
• Shareholders’ funds mirror net assets, showing no retained earnings or accumulated losses yet.
• Overall financial strength is weak but stable given the company’s start-up status.

3. Cash Flow Assessment:

• The positive net current assets suggest reasonable liquidity to cover immediate obligations.
• No detailed cash flow statements are available, limiting visibility on operational cash generation or consumption.
• The company’s average headcount of 57 implies ongoing payroll commitments that must be managed carefully.
• Given the company’s recent formation and small equity base, cash flow monitoring is critical to avoid liquidity issues.

4. Monitoring Points:

• Timely filing and audit (if applicable) of subsequent annual accounts to verify financial performance and position.
• Cash flow trends and working capital adequacy to maintain payroll and creditor payments.
• Any changes in directors or shareholders that may affect governance or risk profile.
• Growth in liabilities relative to assets to avoid over-leverage as the company expands.
• Impact of regulatory or sector-specific risks in residential nursing care on business continuity.