LATCHED 09 TWELVE LTD

Executive Summary

Latched 09 Twelve Ltd is a micro private limited company at an early start-up stage with a positive net asset base and sufficient liquidity to cover current liabilities. While credit approval is recommended given the stable initial financial position and committed directors, the company’s limited trading history necessitates ongoing monitoring of cash flow and profitability development. Overall, the company shows potential but requires careful observation as it progresses beyond its first financial year.

LATCHED 09 TWELVE LTD - Analysis Report

Company Number: 14848233

Analysis Date: 2025-07-29 19:00 UTC

1. Credit Opinion: APPROVE
   Latched 09 Twelve Ltd is a newly incorporated micro private limited company with a clean filing record and no overdue statutory obligations. The initial financials show a positive net asset position and net current assets, indicating a stable balance sheet for this early stage. Although there is no operating profit or turnover data available yet (likely due to the short trading period and no employees), the directors' equity stake and control suggest committed management. Credit facilities could be approved with standard monitoring due to the company’s infancy and limited trading history.

2. Financial Strength:
   The balance sheet as at 31 May 2024 shows fixed assets of £212 and current assets of £28,172 against current liabilities of £15,402, resulting in net current assets of £12,770 and shareholders’ funds of £12,982. This indicates the company has a positive working capital position and no long-term liabilities, reflecting a sound financial foundation. The small asset base and lack of employees point to a business at start-up phase with limited operational scale.

3. Cash Flow Assessment:
   Current assets primarily consist of cash or receivables (not detailed), providing sufficient liquidity to cover short-term liabilities by a comfortable margin. The net current assets position suggests adequate working capital to meet immediate obligations. However, absence of turnover and profit data means cash generation capacity and sustainability cannot yet be fully assessed. Close monitoring of cash flow development in future periods is recommended.

4. Monitoring Points:

• Revenue and profit trends in subsequent financial periods to establish operational viability.
• Cash flow statements to verify liquidity stability and ability to service credit facilities.
• Management’s ability to grow the business and maintain working capital efficiency.
• Any changes in director appointments or significant control that could impact governance or credit risk.
• Timely filing of future accounts and confirmation statements to ensure compliance.