Company Number: 13132358

Analysis Date: 2025-07-20 12:14 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Jowanna Conboye Consulting Limited presents a stable micro-entity profile with positive net assets and working capital. The company is active and compliant with filing deadlines, indicating good governance. However, the declining net assets over recent years and a significant director’s loan account balance suggest caution. Approval is recommended with conditions requiring ongoing monitoring of liquidity, profitability, and director loan repayments to ensure continued ability to meet obligations.

2. Financial Strength:
   The balance sheet shows modest fixed assets (£784) and current assets (£47,789) against current liabilities of £14,888 as of 31 January 2024, yielding net current assets of £32,901. Net assets decreased from £40,161 in 2023 to £31,796 in 2024, reflecting a reduction in retained earnings or possible losses. Shareholders’ funds have similarly declined, pointing to pressure on equity. The company operates within micro-entity thresholds and maintains a low share capital (£100). The relatively low provisions and accruals reflect limited contingent liabilities.

3. Cash Flow Assessment:
   Current assets comfortably exceed current liabilities, indicating sufficient short-term liquidity. Net current assets provide a healthy working capital buffer. However, current assets have decreased since the prior year, and the director’s loan account remains substantial at £38,528, which may represent informal financing rather than liquid cash. The company’s ability to convert receivables into cash promptly will be critical. Absence of a profit and loss account limits assessment of operating cash flow, but the reduction in equity suggests cash generation challenges.

4. Monitoring Points:

• Director’s loan account balance and repayment schedule to ensure it does not impair liquidity.
• Net assets trend to detect further erosion of equity.
• Timely filing of next accounts and confirmation statements to confirm ongoing compliance.
• Cash conversion cycle and receivables aging to assess operational cash flow health.
• Any changes in client base or industry conditions in the solicitors sector impacting revenue stability.