LSA SECURE HOLDINGS LIMITED

Executive Summary

LSA Secure Holdings Limited presents a strong financial position with high net assets and low liabilities, supporting its creditworthiness. Despite low cash levels, solid debtor balances and minimal current liabilities ensure good short-term liquidity. Continued monitoring of cash flows and investment values is recommended to maintain financial resilience.

LSA SECURE HOLDINGS LIMITED - Analysis Report

Company Number: 13248038

Analysis Date: 2025-07-20 17:39 UTC

1. Credit Opinion: APPROVE. LSA Secure Holdings Limited demonstrates strong financial stability with significant net assets and shareholders’ funds exceeding £1.27 million as of April 2024. The company shows no overdue filings and maintains consistent directors with no adverse records. Although it is a relatively young company (incorporated 2021), the financial data indicates sound management of liabilities and assets, supporting its ability to meet short-term obligations. The lack of an income statement limits visibility on profitability, but the balance sheet strength and low current liabilities relative to current assets mitigate risk.

2. Financial Strength: The company’s balance sheet is robust with total assets less current liabilities of approximately £1.28 million, predominantly comprised of fixed asset investments (£1.03 million) and current assets (£254k). Current liabilities are minimal at £4.6k, resulting in a strong net current asset position of £249k, indicating excellent working capital. Shareholders’ funds are stable and slightly decreased by a small margin compared to the prior year, indicating little volatility. The company’s capital structure is equity-heavy with nominal share capital (£100), suggesting limited external debt exposure.

3. Cash Flow Assessment: Cash on hand is low (£2.9k), which could suggest limited liquidity in cash terms; however, significant debtors (£251k) bolster short-term liquidity. The current ratio is very strong (current assets to current liabilities approximately 55:1), indicating ample coverage to meet short-term debts. The consistency in debtor levels over the years points to stable receivables management. Absence of employees indicates low operational cash burn. The company’s liquidity profile appears sufficient for ongoing commitments but monitoring cash conversion cycles is advised.

4. Monitoring Points:

• Monitor cash balances closely to ensure adequate liquidity despite strong debtor positions.
• Review debtor aging and collection efficiency to mitigate risk of delayed payments.
• Track investment valuations, as fixed asset investments represent the majority of total assets and could impact net asset value.
• Update on profitability and income statement details when available to assess earnings sustainability.
• Keep an eye on any changes in director appointments or control structure that might affect governance.