Company Number: NI682646

Analysis Date: 2025-07-29 12:58 UTC

1. Credit Opinion: APPROVE
   JRX LIMITED is a micro private limited company operating in IT consultancy with an active status and no signs of financial distress or overdue filings. The company demonstrates modest but consistent net asset growth and positive working capital, indicating prudent financial management and an ability to meet short-term obligations. Given the stable shareholder equity and absence of debt beyond current liabilities, the company appears capable of servicing debt and honoring commercial commitments at a microenterprise scale.

2. Financial Strength:
   The balance sheet shows zero fixed assets, which is typical for an IT consultancy relying on human capital rather than physical assets. Current assets nearly doubled from £2,453 in 2023 to £5,804 in 2024, while current liabilities rose from £312 to £2,832, resulting in net current assets of £2,972 (up from £2,141). Shareholders' funds increased accordingly to £2,972. The company maintains positive net assets and working capital, reflecting a healthy financial position for its size with no long-term liabilities.

3. Cash Flow Assessment:
   Liquid assets and net current assets are positive, indicating adequate liquidity to cover short-term liabilities. The increase in current liabilities is notable but offset by a larger increase in current assets. With only one employee and no fixed assets, operating costs are likely low. Turnover figures for prior years were modest (£27,475 in 2021 and £29,450 in 2023), suggesting limited but stable revenue streams. The absence of audit requirements and small scale reduce complexity but also limit available financial detail on cash flow specifics.

4. Monitoring Points:

• Monitor the rise in current liabilities from £312 to £2,832 in 2024 to understand its nature and sustainability.
• Track turnover growth and profitability trends as more data becomes available to assess scalability and resilience.
• Watch for any changes in director or control structure since the sole director holds full ownership and control.
• Keep an eye on working capital fluctuations, especially given the micro size and limited asset base.