Company Number: 13192132

Analysis Date: 2025-07-20 14:19 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Lewisham Super Store Ltd is an active micro private limited company operating in the retail sector. Although the company shows some growth in current assets and net current assets from prior years, it currently reports negative net assets (£-1,455 as of 31/12/2023) due to significant long-term liabilities (£71,557 beyond one year). This indicates a weak equity position and potential solvency concerns. The company should be monitored closely for ability to service its long-term creditors. Credit approval may be considered with conditions such as regular financial updates and limits on exposure until stronger equity and cash flow positions are demonstrated.

2. Financial Strength:
   The balance sheet shows fixed assets of £53,024 and a marked improvement in current assets to £43,373 as of the latest year-end. However, the company carries significant creditors falling due after more than one year (£71,557), which outweigh total assets less current liabilities (£70,102), resulting in negative net assets. The shareholders’ funds are minimal (£1,455), reflecting limited capital and accumulated reserves. The company remains a micro-entity with modest asset base and limited equity cushion, exposing some financial leverage risk.

3. Cash Flow Assessment:
   Current liabilities have reduced from previous levels but remain significant compared to current assets. Net current assets of £17,078 indicate positive short-term liquidity, and the increase in average employee count from 2 to 3 suggests some operational expansion. However, the lack of explicit cash or detailed cash flow statements limits full assessment of liquidity. The company’s ability to generate sufficient operating cash flow to meet both short-term and long-term obligations needs careful review.

4. Monitoring Points:

• Track quarterly or biannual cash flow performance to ensure ongoing liquidity.
• Monitor changes in long-term liabilities and any refinancing or repayment plans.
• Watch for improvements in net assets and shareholder funds to reduce solvency risk.
• Assess management’s ability to improve profitability and working capital efficiency.
• Confirm timely filing of statutory accounts and confirmation statements to avoid compliance risks.