LOGAN LEITH LTD

Executive Summary

Logan Leith Ltd is a micro private limited company with a clean but very modest balance sheet and no employees, reflecting a nascent stage of operations. While its net current assets and shareholders’ funds show a positive but limited financial base, the absence of revenue and cash flow details warrants a cautious credit approach. Credit approval is recommended conditionally, with emphasis on close monitoring of operational performance and financial development.

LOGAN LEITH LTD - Analysis Report

Company Number: SC734513

Analysis Date: 2025-07-29 12:50 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Logan Leith Ltd is a very small, recently incorporated micro-entity with limited operating history and no recorded employees. Its balance sheet shows modest but positive net current assets and net equity, indicating no immediate solvency concerns. However, given the minimal scale, absence of turnover and profit data, and lack of operational depth, credit should be extended cautiously and potentially secured or limited in amount. Continued monitoring of trading performance and cash flow is essential before increasing exposure.

2. Financial Strength:
   The company’s financial position as of 30 June 2024 shows net current assets of £11,824, stable compared to prior year (£11,664). All assets appear current with no fixed assets reported, suggesting a very simple asset base mainly consisting of cash or equivalents and receivables. Current liabilities are low and manageable. Shareholders’ funds equal net assets at £11,824, indicating no external long-term debt and a clean balance sheet. Financial strength is adequate for a micro business but limited in scale and resilience.

3. Cash Flow Assessment:
   Current assets decreased from £24,502 to £18,216, and current liabilities halved from £12,838 to £6,392 over the latest year, improving net working capital slightly. No employees and no audit exemption suggest minimal operating cash outflows. However, the lack of detailed cash flow statements or turnover data prevents thorough liquidity analysis. The company appears to maintain positive working capital with some cash buffer, but its ability to generate operating cash flow or repay debt beyond short-term payables remains unverified.

4. Monitoring Points:

• Confirm actual trading and revenue generation as the company matures
• Monitor working capital trends and any increase in liabilities or fixed assets
• Watch for any director or shareholder changes that may affect control or financial policy
• Track filing timeliness and adherence to accounting standards as company grows
• Assess any borrowing needs and ability to service debt as operations scale