M R MORTGAGE SERVICES LIMITED

Executive Summary

M R Mortgage Services Limited is a newly incorporated micro-entity with a positive net asset base and adequate working capital relative to its scale. While early in its lifecycle, the company shows prudent financial management and no signs of distress, supporting a credit approval with conservative facility limits. Continued monitoring of financial filings and liquidity metrics is recommended as the business develops.

M R MORTGAGE SERVICES LIMITED - Analysis Report

Company Number: 14736890

Analysis Date: 2025-07-29 13:52 UTC

1. Credit Opinion: APPROVE with caution.
   M R Mortgage Services Limited is an active private limited company recently incorporated in March 2023. The company has filed its first set of micro-entity accounts timely and shows positive net assets of £21,010 as of 31 March 2024. With only one employee and modest asset size, the company is in an early stage of operations but demonstrates sound financial stewardship by maintaining positive working capital. However, the absence of historical financial data and limited scale of operations suggest a cautious approach, particularly regarding credit limits and facility sizing.

2. Financial Strength:
   The balance sheet reflects a very small-scale operation with fixed assets of £367 and current assets of £49,704, mainly comprising cash or equivalents, given the nature of the business. Current liabilities are £28,341, resulting in net current assets (working capital) of £21,363. Net assets and shareholders’ funds stand at £21,010, indicating a positive equity position. The company’s micro-entity status and single employee indicate low fixed costs, which supports financial stability at this stage. The accounts were prepared under micro-entity accounting standards, so detailed profitability and cash flow information are not disclosed.

3. Cash Flow Assessment:
   The company’s current assets significantly exceed current liabilities, suggesting adequate short-term liquidity to meet obligations as they fall due. The net current assets of £21,363 indicate a comfortable working capital buffer for a business of this size. However, given the company’s infancy and limited operational history, cash flow predictability remains uncertain. Monitoring liquidity trends and cash conversion cycles will be important as the company grows.

4. Monitoring Points:

• Future filing of profit and loss accounts for insight into profitability and cash generation.
• Growth in current liabilities vs current assets to ensure working capital remains positive.
• Expansion or changes in employee numbers and operational scale.
• Any changes in director or ownership structure that may affect governance or control.
• Timely filing of accounts and confirmation statements to maintain compliance.
• Credit utilization and repayment behavior if facilities are granted.