JOYNES ENTIRE BUILDING SERVICES LTD

Executive Summary

JOYNES ENTIRE BUILDING SERVICES LTD demonstrates stable financial health with positive equity and working capital, essential for meeting short-term obligations. However, declines in current and fixed assets warrant close monitoring to avoid liquidity stress. With prudent management and strategic planning, the company is positioned to maintain financial wellness and support future growth.

JOYNES ENTIRE BUILDING SERVICES LTD - Analysis Report

Company Number: 14194380

Analysis Date: 2025-07-29 15:33 UTC

Financial Health Assessment: JOYNES ENTIRE BUILDING SERVICES LTD

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1. Financial Health Score: B

Explanation:
The company shows a generally stable financial position with positive net assets and net current assets over the last two years. The reduction in total assets and net assets from 2023 to 2024 signals some contraction, but overall, the company maintains a healthy working capital position and equity base. As a micro-entity, it is operating within its size parameters with manageable liabilities, but the dip in fixed assets and current assets should be monitored.

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2. Key Vital Signs:

Metric	2024 (£)	2023 (£)	Interpretation
Fixed Assets	5,828	7,771	Slight decline in long-term assets; may indicate asset sales or depreciation.
Current Assets	18,447	43,901	Significant decrease in short-term resources; potential red flag for liquidity pressure.
Current Liabilities	(6,880)	(30,922)	Reduced short-term obligations, improving liquidity.
Net Current Assets	11,567	12,979	Positive working capital; indicates ability to meet short-term debts.
Total Assets Less CL	17,395	20,750	Overall asset base decline; careful monitoring needed.
Net Assets (Equity)	16,411	19,790	Positive and healthy shareholder equity; slight decrease warrants attention.
Average Employees	3	(N/A)	Small workforce consistent with micro-entity status.

Interpretation:

• The company has a healthy cash flow symptom, as net current assets remain positive and current liabilities have decreased substantially, indicating the company can meet its short-term obligations with its current assets.
• The symptom of distress is the notable decrease in current assets and fixed assets, suggesting possible asset disposals or decreased cash reserves that could impact future operations if trends continue.
• Net assets and equity remain positive, reflecting a stable financial core but the downward trend signals caution.

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3. Diagnosis:

The financial data indicates JOYNES ENTIRE BUILDING SERVICES LTD is currently in a stable but cautious financial condition. The company maintains positive net assets and working capital, which are critical vital signs indicating solvency and liquidity. The reduction in current assets and fixed assets, however, suggests the company may be drawing down on its reserves or disposing of assets, which could be a reaction to operational challenges or strategic shifts.

Given the company is a relatively new micro-entity incorporated in 2022 with a small team, the financial profile is typical of early-stage businesses managing cash flow carefully. The absence of overdue filings and the maintenance of compliance deadlines is a positive governance symptom.

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4. Recommendations:

• Monitor Liquidity Closely: The sharp drop in current assets is a symptom that requires attention. Ensure cash flow forecasts are up to date and explore options to bolster short-term liquidity if necessary.
• Asset Management Review: Investigate reasons behind fixed asset declines. If assets are being sold to cover operational costs, consider alternatives to preserve the asset base.
• Cost Control & Efficiency: With a small employee base, focus on maximizing operational efficiency to prevent erosion of equity.
• Plan for Growth: While maintaining a healthy balance sheet, develop a strategic plan to rebuild asset levels and expand current assets, which will strengthen the working capital buffer.
• Engage Financial Expertise: Regular financial health check-ups akin to routine medical exams can pre-empt any emerging financial distress symptoms.

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