Company Number: 13568610

Analysis Date: 2025-07-20 12:15 UTC

1. Credit Opinion: APPROVE with monitoring.
   JC FLOOR SCREEDING LTD is a micro-entity operating in floor and wall covering services since 2021, with a single director and sole shareholder, Mr Jason Corcoran. The company shows positive net assets and an improving balance sheet, indicating growing financial stability. Although the firm is small with only one employee, it has no overdue filings and demonstrates sound financial stewardship. Given its size and sector, credit risk is moderate but manageable. Approval is recommended for credit facilities with standard conditions and limits appropriate to its scale.

2. Financial Strength:

• Net assets have increased from £14,137 in 2023 to £26,826 in 2024, reflecting retained profits and prudent asset management.
• Fixed assets have increased slightly to £31,000, indicating some reinvestment in equipment or infrastructure.
• Current assets almost doubled from £7,742 to £13,931, improving liquidity.
• Current liabilities have decreased from £23,405 to £19,105, reducing short-term debt pressure.
• The company maintains positive net current assets (£4,174), supporting short-term financial obligations.

3. Cash Flow Assessment:

• Working capital is positive, improving from a negative position in prior years, signaling better cash flow management.
• The increase in current assets, including cash or equivalents, enhances liquidity to meet immediate liabilities.
• The modest size and single-employee operation suggests low fixed overheads, likely aiding cash flow stability.
• No audit requirement and micro-entity status limit detailed cash flow disclosures, but balance sheet indicators are positive.

4. Monitoring Points:

• Track ongoing liquidity and working capital to ensure current liabilities remain covered.
• Monitor any increases in liabilities or delays in payment cycles that could strain cash flow.
• Review turnover growth and margin stability as the company scales its operations.
• Watch for any changes in director or shareholder control that may affect governance.
• Ensure continued timely filing of accounts and confirmation statements.