LAIRD PROPERTY SERVICES LTD

Executive Summary

Laird Property Services Ltd shows a stable and improving financial position with increased net assets and healthy working capital. The company’s liquidity and ability to meet short-term obligations appear sound, supporting credit approval on a conditional basis. Ongoing monitoring of receivables performance and cash flow is recommended given its young age and modest scale.

LAIRD PROPERTY SERVICES LTD - Analysis Report

Company Number: SC710226

Analysis Date: 2025-07-29 20:54 UTC

1. Credit Opinion: APPROVE with conditions

Laird Property Services Ltd is a recently incorporated private limited company operating in the residents property management sector. The company’s financials show a positive working capital position and growing net assets over a recent 2-year period, indicating improving financial health. However, as a young company with limited trading history and modest scale, credit approval should be conditional on continued monitoring of cash flow and receivables performance to ensure ongoing ability to meet liabilities.

2. Financial Strength:

• The company’s net current assets have increased significantly from £13,011 (year ending September 2022) to £40,486 (December 2023), reflecting improved liquidity and working capital management.
• Net assets rose from £13,011 to £40,486 over the same period, indicating retained earnings accumulation and strengthening equity.
• Share capital remains nominal (£100), consistent with a micro/small company profile.
• Current liabilities have reduced substantially from £56,924 to £28,753, which reduces short-term financial pressure.
• Debtor balances have decreased from £28,579 to £11,525, which may indicate better debtor collections or reduced turnover; this merits monitoring.
• Cash balances have increased from £41,356 to £57,714, a positive indicator of liquidity.

Overall, the balance sheet demonstrates a stable and improving financial position with no signs of distress.

3. Cash Flow Assessment:

• Cash on hand and at bank of £57,714 provides a reasonable liquidity buffer relative to current liabilities of £28,753.
• Net current assets of £40,486 suggest adequate working capital to cover short-term obligations.
• The reduction in trade debtors is positive but requires attention to ensure it is not due to declining sales.
• The company carries no long-term debt disclosed, limiting financial risk from leverage.
• Corporation tax and VAT liabilities are material and should be tracked to avoid payment delays.

The company appears capable of servicing its current liabilities and maintaining operational liquidity. However, as the company is young and growing, cash flow consistency is a key consideration.

4. Monitoring Points:

• Monitor debtor days and collection efficiency to ensure receivables do not deteriorate.
• Watch VAT and corporation tax liabilities for timely settlement.
• Review cash flow forecasts regularly to pre-empt any liquidity shortfalls.
• Track turnover trends and profitability as future accounts become available.
• Management changes: recent director appointment in November 2023 should be observed for impact on governance and financial controls.

Executive Summary: