Company Number: 13516984

Analysis Date: 2025-07-29 16:55 UTC

1. Credit Opinion: APPROVE
   Lite Build Ltd demonstrates a strong and improving financial position with growing net assets and significant positive working capital. The company is active, with no overdue filings and no indications of financial distress or director misconduct. Given its solid balance sheet and liquidity, the company appears capable of meeting debt obligations and sustaining operations in its demolition and construction activities.

2. Financial Strength:
   The balance sheet has shown robust improvement over the past two years. Net assets increased from £113,460 in 2023 to £334,405 in 2024, driven by a substantial rise in current assets from £181,155 to £704,898. Fixed assets also increased from £16,650 to £61,100, indicating investment in long-term resources. Current liabilities rose but remain well covered by current assets, yielding strong net current assets of £475,657. Shareholders’ funds are solid, reflecting retained earnings and equity capital. The company’s micro-account category is consistent with its size and filing exemptions.

3. Cash Flow Assessment:
   Liquidity is strong with net current assets significantly positive (£475,657 in 2024), indicating good short-term financial health and buffer for working capital needs. The increase in current assets (likely cash and receivables) relative to current liabilities suggests the company can comfortably manage short-term obligations. The absence of audit and no profit and loss disclosure limit detailed cash flow analysis, but working capital trends and equity growth indicate sound internal cash generation and management.

4. Monitoring Points:

• Monitor continued growth in current assets relative to liabilities to ensure liquidity remains robust.
• Watch for any increases in accruals and deferred income (£202,352 in 2024) to assess timing of revenue recognition and cash collection.
• Track contracts and receivable aging given the construction industry’s exposure to project payment delays.
• Review management’s approach to fixed asset investments and whether they are aligned with revenue growth.
• Keep an eye on directors’ conduct and maintain compliance with filing deadlines.