KEVIN CRITTEN SERVICES LIMITED

Executive Summary

Kevin Critten Services Limited exhibits a weakening financial position with declining net assets and negative working capital in the latest year, raising concerns over its ability to meet short-term liabilities. The company’s micro size and sole director structure increase credit risk, suggesting caution before extending credit. Close monitoring of liquidity and operational performance is recommended to reassess creditworthiness going forward.

KEVIN CRITTEN SERVICES LIMITED - Analysis Report

Company Number: 13625749

Analysis Date: 2025-07-29 13:33 UTC

1. Credit Opinion: DECLINE
   Kevin Critten Services Limited shows concerning signs from a credit perspective. The company’s net current assets have swung from a positive £1,447 in 2023 to a negative £63 in 2024, indicating worsening short-term liquidity. Although net assets remain positive at £2,437, this reduction and current liabilities exceeding current assets suggest cash flow challenges. The business is micro-sized with a single director who also owns 100% of shares, limiting management depth and potentially increasing risk. Given the apparent deterioration in working capital and low asset base, the company’s ability to reliably service new or extended credit is questionable without additional financial support or guarantees.

2. Financial Strength:
   The balance sheet is very modest, with total fixed assets of only £2,500 and current assets of £1,929 against current liabilities of £1,992 for the latest financial year. Shareholders’ funds have halved from £4,877 in 2023 to £2,437 in 2024. This decline reflects erosion of retained earnings or possibly undisclosed losses. The company operates in freight transport, a capital-intensive industry, yet holds minimal fixed assets, indicating reliance on leased or external equipment, which may constrain collateral availability. Overall, the financial strength is weak and trending downward.

3. Cash Flow Assessment:
   Current liabilities slightly exceed current assets, producing a negative working capital of £63 in 2024 compared to a comfortable positive working capital in previous years. This signals potential difficulties meeting short-term obligations as they fall due. The company employs only one person (the director), which limits overhead but may also constrain operational capacity and revenue generation. The absence of audit and limited financial disclosures typical of micro-entity filings further obscure detailed cash flow analysis but the available data suggests limited liquidity buffers.

4. Monitoring Points:

• Monitor quarterly cash flow statements if available, focusing on liquidity and ability to meet creditor demands.
• Watch any changes in current liabilities and working capital trends in subsequent accounts.
• Review director’s trading performance and any external funding arrangements or guarantees.
• Observe for any late filing or signs of financial distress such as overdrafts, supplier disputes, or payment defaults.
• Track any changes in business scale or asset base that may improve creditworthiness.