Company Number: 13184767

Analysis Date: 2025-07-19 12:55 UTC

1. Credit Opinion: APPROVE. M Petkova Limited demonstrates strong financial health with consistent growth in net current assets and shareholders' funds over the last four years. The company maintains a very conservative capital structure, with minimal liabilities and significant cash reserves, indicating a strong ability to meet its short-term obligations and service potential credit facilities. The absence of overdue filings and a stable directorship further support sound management practices.

2. Financial Strength: The balance sheet shows a steady increase in net current assets from £17,660 in 2021 to £236,781 in 2025, reflecting a healthy accumulation of working capital. Shareholders’ funds have grown from £18,990 to £237,342 over the same period, indicating retained earnings and profitability despite the company being relatively young (incorporated in 2021). Fixed assets are minimal at £561, which aligns with the nature of a service-oriented business (public relations and communications). Current liabilities are low relative to current assets, enhancing the company's solvency position.

3. Cash Flow Assessment: Cash balances have increased from £37,098 in 2021 to £256,815 in 2025, suggesting strong liquidity and effective cash management. Debtors are modest and stable (around £11k-£13k), indicating efficient receivables collection. The company’s current liabilities are well covered by current assets, with net current assets showing a healthy positive working capital position. This liquidity profile supports the company’s ability to cover short-term liabilities without stress.

4. Monitoring Points:

• Monitor continued growth in retained earnings and net current assets to ensure ongoing profitability.
• Watch for any significant increases in current liabilities that could pressure liquidity.
• Track debtor turnover and ageing to ensure receivables remain collectible.
• Observe any changes in cash reserves that could affect operating flexibility.
• Review director and ownership changes or any late filings that could impact governance.