MACAULAY DEVELOPMENTS LTD

Executive Summary

Macaulay Developments Ltd demonstrates active business growth evidenced by rising work in progress but faces significant financial strain due to increased long-term debt and negative equity. While current liabilities have decreased, the company’s liquidity is pressured by reduced cash balances and high gearing. Conditional credit approval is recommended, with close monitoring of cash flows, project completions, and debt servicing capability to manage elevated financial risk.