Company Number: 14720424

Analysis Date: 2025-07-20 17:56 UTC

Credit Opinion: CONDITIONAL APPROVAL
JMF Maintenance Services Ltd is a recently incorporated small private limited company operating in landscape services and joinery installation. The company shows a modest net asset position of £2,491 and positive working capital of £2,491, indicating initial financial stability. However, given its very recent formation (March 2023) and limited operating history with only one employee, the credit exposure should be limited and closely monitored. The director is the sole owner and also works in the trade, which suggests committed management but also limited operational scale at this stage.

Financial Strength:
The balance sheet at 31 March 2024 shows current assets of £5,164, primarily debtors (£5,092), against current liabilities of £2,673, resulting in net current assets (working capital) of £2,491. The company’s net assets equal the working capital, reflecting no fixed assets or long-term liabilities. Shareholders’ funds (£2,491) are minimal but positive, consistent with a start-up phase. The absence of fixed assets and low cash (£72) indicates limited capital investment and liquidity buffer.

Cash Flow Assessment:
Cash balances are very low at £72, suggesting tight liquidity. Debtors represent the majority of current assets and will be critical for cash inflows. The company's ability to convert receivables into cash promptly is essential to meet liabilities totaling £2,673 due within a year. With only one employee and low operating scale, cash flow volatility may be high. Close attention to debtor collection and expense control is required to maintain liquidity.

Monitoring Points:

• Debtor aging and cash conversion cycle to ensure timely collections.
• Growth in revenue and profitability to improve retained earnings and equity base.
• Working capital trends and cash balances on subsequent filings.
• Any increase in fixed assets or long-term liabilities indicating expansion or increased risk.
• Director’s continued involvement and potential addition of experienced management as business grows.