Company Number: 13390287

Analysis Date: 2025-07-29 16:16 UTC

1. Credit Opinion: APPROVE, with caution
   JBL LIVING LTD has demonstrated a significant turnaround in financial position in the latest reported year ending March 2024, moving from negative net assets and working capital in prior years to a strong net current asset position of £42,810 and shareholders’ funds of £43,520. The company is active, compliant with filing deadlines, and shows signs of improving liquidity and balance sheet strength. However, given its relatively recent incorporation in 2021, small scale, and limited operating history, approval should be conditional on continued monitoring of cash flows and receivables performance.

2. Financial Strength:
   The balance sheet shows improvement from prior years where the company was in a net liability position (-£6,837 net current assets and -£6,937 shareholders’ funds in 2023). The current year reports tangible fixed assets of £710 and current assets of £55,617 consisting primarily of cash (£41,135) and debtors (£14,482). Current liabilities stand at £12,807. Share capital remains nominal (£100), indicating limited equity injection beyond initial funding. The positive net assets and equity position reflect better capitalisation and operational performance. The company remains small-scale but now appears solvent with sufficient assets to cover short-term liabilities.

3. Cash Flow Assessment:
   Cash at bank increased substantially from £535 in 2023 to £41,135 in 2024, suggesting improved liquidity and cash generation or possibly capital injection. Debtors also increased significantly, which may warrant scrutiny for credit risk and collection efficiency. The company’s net current assets of £42,810 indicate good short-term liquidity and working capital coverage. There are no indications of bank overdrafts or short-term borrowings, which supports the view of adequate liquidity to meet immediate obligations.

4. Monitoring Points:

• Debtor ageing and collection performance to ensure receivables remain collectible and do not impair liquidity.
• Continued profitability and cash flow generation to sustain positive net assets and liquidity.
• Management changes and operational scaling given the small employee base (2 employees) and directors’ backgrounds.
• The company’s ability to maintain compliance and timely filing as it grows.
• Any increase in liabilities or contingent risks that may affect solvency.