Company Number: 13152568

Analysis Date: 2025-07-29 20:51 UTC

1. Credit Opinion: APPROVE
   Keith Smith (Property) Limited demonstrates a solid financial position with consistent net asset values and low current liabilities relative to assets. The company operates in the real estate letting sector, holding fixed assets valued at £254k, which indicates tangible collateral. There are no overdue filings or signs of financial distress. Given the stable balance sheet and the absence of significant liabilities, the company is likely capable of servicing modest credit facilities.

2. Financial Strength:
   The balance sheet indicates strong financial health for a micro-entity. Fixed assets remain stable at £254,035 over the past three years, showing no impairment or disposals. Net current assets decreased slightly from £11,767 in 2023 to £7,012 in 2024 but remain positive, evidencing sufficient short-term asset coverage over liabilities. Net assets and shareholders’ funds are robust at £259,855, demonstrating retained earnings or capital contributions that underpin the company’s solvency.

3. Cash Flow Assessment:
   Current assets, primarily cash and receivables, reduced to £6,554 at the last year-end from £10,982 previously, which warrants some attention but is still adequate against current liabilities of only £725. The company maintains positive working capital, indicating reasonable liquidity to meet short-term obligations. The minimal current liabilities and accruals (£725 and £1,192 respectively) suggest low operational leverage and manageable cash outflows.

4. Monitoring Points:

• Monitor current asset trends, especially cash and receivables, to ensure liquidity remains adequate.
• Watch for any significant changes in fixed asset valuation or disposals that could impact collateral value.
• Keep an eye on accruals and deferred income balances to assess any emerging liabilities.
• Track company filings and compliance to avoid regulatory risk.
• Review any changes in the real estate market that could affect rental income stability.