Company Number: 15260084

Analysis Date: 2025-07-20 18:16 UTC

1. Credit Opinion: APPROVE with caution. LECLAIRCIE LIMITED is a newly incorporated private limited company (incorporated November 2023) operating in the legal services sector (solicitors and patent/copyright agent activities). The company shows positive net current assets and net assets, indicating initial financial stability. However, limited trading history (less than one year) and small scale operations necessitate monitoring. The director is the sole significant controller and appears to have professional expertise as a solicitor, which supports sound management. Given the early stage and modest asset base, credit facilities should be modest and closely reviewed.

2. Financial Strength: The balance sheet as of 31 July 2024 shows:

• Current Assets: £25,808 (cash £16,010; debtors £9,798)
• Current Liabilities: £9,989 (primarily taxation and social security £9,339)
• Net Current Assets: £15,819
• Net Assets/Shareholders’ Funds: £15,819 The company is well capitalized relative to its operations, with shareholders’ funds exceeding liabilities. The called-up share capital is nominal (£10), with the bulk of equity represented by retained earnings/profit and loss reserves (£15,809), suggesting early profitability or capital injections. No fixed assets or long-term liabilities are reported. The financial position is healthy for a start-up, but scale is very small.

3. Cash Flow Assessment: Cash on hand (£16,010) covers current liabilities comfortably, providing liquidity to meet short-term obligations. Debtors (£9,798) form a sizeable portion of current assets relative to the company’s size, which could impact cash conversion times. Tax and social security liabilities (£9,339) represent the majority of current liabilities, indicating timely tax compliance is essential. The company currently employs no staff, reducing wage-related cash outflows. Overall, liquidity is sufficient but should be closely monitored as trading develops.

4. Monitoring Points:

• Turnover and profitability trends over the next 1-2 years to confirm revenue generation and margin sustainability.
• Debtor collection periods and credit risk from customers.
• Tax liabilities and payment compliance to avoid penalties.
• Any capital injections or loans that may affect gearing.
• Management of working capital as business scales.
• Director’s continued involvement and any changes in ownership or control.