Company Number: 12497627

Analysis Date: 2025-07-20 13:20 UTC

1. Credit Opinion: APPROVE
   M D Slack Wealth Management Ltd demonstrates a solid improvement in financial position over recent years, with stable net assets and positive working capital. The company is active, filing accounts on time with no overdue returns or compliance issues. The modest asset base and small scale of operations (micro-entity) aligns with the business profile of a financial advisory firm. Director continuity and relevant industry experience also support creditworthiness. The company appears capable of meeting short-term liabilities and servicing modest credit facilities.

2. Financial Strength:
   The balance sheet shows steady growth in net assets, rising significantly from £3,088 in 2023 to £21,041 in 2024. Fixed assets remain low but consistent, reflecting limited capital expenditure typical for a service business. Current assets have nearly tripled to £33,453, outpacing current liabilities of £15,181, resulting in strong net current assets of £18,272. Shareholders’ funds equal net assets, indicating no external equity financing. Overall, the balance sheet is healthy with no signs of over-leverage or asset impairment.

3. Cash Flow Assessment:
   The company’s current assets, mainly cash and receivables, comfortably cover current liabilities by a factor of more than 2:1, indicating sound liquidity and working capital management. The increase in current assets suggests improved cash inflows or collections. The micro-entity scale means cash flows could be sensitive to client payment timing, but recent performance shows sufficient buffer. No long-term debt or significant liabilities are reported, reducing risk from financing costs.

4. Monitoring Points:

• Continued growth in current assets and maintaining positive working capital
• Timely filing of accounts and confirmation statements to avoid compliance risks
• Monitoring client concentration risk given the small size and niche financial advisory sector
• Watch for any significant increases in liabilities or capital expenditures that may strain liquidity
• Maintain prudent cash flow management given limited fixed asset base and scale