Company Number: 15740822

Analysis Date: 2025-07-19 12:22 UTC

1. Credit Opinion: APPROVE with conditions
   LEXYS NANNIES LTD is a newly incorporated private limited company (May 2024) operating in child day-care activities among other sectors. The first set of unaudited accounts filed for the 13-month period ending May 2025 shows a modest but positive net asset position (£18,307) supported primarily by share capital injection (£20,000). There are no loans outstanding except a minimal bank overdraft (£148). The absence of employees to date suggests the company is in a start-up phase. Given the limited trading history and scale, approval should be conditional on monitoring future trading performance, cash flow generation, and timely filing of subsequent accounts.

2. Financial Strength:
   The balance sheet shows net current assets of £18,307 driven by debtors of £20,000 and low current liabilities of £1,693. The net assets and shareholders’ funds (£18,307) indicate the company is adequately capitalized for its current scale. The profit and loss account shows a small loss (£1,693), which is typical for a start-up entity in its first period of trading. No fixed assets are reported, which is not unusual for a service-based business at this stage.

3. Cash Flow Assessment:
   Debtors of £20,000 represent amounts due but not yet received, which supports liquidity, assuming timely collection. Current liabilities are minimal, mainly consisting of taxes, social security, and accruals, with a small overdraft. The company shows positive working capital of £18,307, implying it can cover short-term obligations. However, with no employees and limited operational history, cash flow sustainability depends heavily on generating ongoing revenue and managing expenses carefully.

4. Monitoring Points:

• Timely collection of debtors to maintain liquidity
• Progress in revenue generation and employee hiring to scale operations
• Filing of next annual accounts due February 2027 to confirm financial trajectory
• Cash flow trends to ensure operational expenses and liabilities remain covered
• Any changes in director or shareholder structure, especially given 100% control by one individual