JELKA GROUP HOLDINGS LTD
Executive Summary
Jelka Group Holdings Ltd shows a stable but modest financial profile typical of a micro holding company with positive working capital and no long-term liabilities. However, declining net assets and limited operational scale suggest caution. Credit approval is conditional on ongoing liquidity monitoring and clear use of funds to support business activities.
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This analysis is opinion only and should not be interpreted as financial advice.
JELKA GROUP HOLDINGS LTD - Analysis Report
Credit Opinion: CONDITIONAL APPROVAL
Jelka Group Holdings Ltd is an active micro private limited company with modest net assets (£3,638 at 31/12/2024) and positive net current assets (£4,598). The company’s financial position has weakened slightly compared to prior years, with net assets and working capital declining by approximately 25%-30% year-on-year. The absence of employees and limited fixed assets suggest a holding or investment vehicle rather than an operational trading entity. The company’s ability to service debt appears adequate at current levels, but the declining equity base and small scale warrant close monitoring. Approval for credit facilities should be conditional on confirmation of stable or improving cash flows and a clear purpose for borrowing aligned with company operations.Financial Strength:
The balance sheet is small but net current assets remain positive, indicating the company can cover short-term liabilities from current assets. Net assets decreased from £4,965 in 2023 to £3,638 in 2024, reflecting reduced retained earnings or possible distributions. Fixed assets are negligible (£103). There are no long-term liabilities reported, reducing financial risk. The shareholder structure is stable with three individuals holding significant control. Overall, the company’s financial strength is fragile given the small equity and decreasing net assets, typical for a micro-entity holding company.Cash Flow Assessment:
Current assets mainly consist of cash and receivables sufficient to cover current liabilities, maintaining a positive working capital. However, the reduction in net current assets from £5,925 (2023) to £4,598 (2024) indicates tightening liquidity. The company reports no employees, which limits operating cash outflows, but also suggests limited operational cash generation. Free cash flow is likely minimal. The company should maintain liquidity buffers and avoid overextension on credit to mitigate risk.Monitoring Points:
- Track net asset and working capital trends annually for further erosion.
- Review cash balances and liquidity ratios quarterly to ensure short-term obligations can be met.
- Monitor any changes in shareholder equity or distributions that could weaken capital structure.
- Assess purpose and use of credit facilities, ensuring alignment with the company’s holding activities and cash flow profile.
- Confirm no adverse changes in director status or control that may impact governance or credit risk.
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