MANNY HORIZON LIMITED

Executive Summary

MANNY HORIZON LIMITED presents a sound credit profile with improving net assets and a strong working capital position. The company operates with minimal liabilities and demonstrates adequate liquidity, albeit with a high debtor concentration requiring monitoring. The director’s consistent control and compliance support a credit approval decision.

MANNY HORIZON LIMITED - Analysis Report

Company Number: 13554441

Analysis Date: 2025-07-19 12:54 UTC

1. Credit Opinion: APPROVE
   MANNY HORIZON LIMITED demonstrates a stable and improving financial position with positive net assets and working capital. The company has steadily increased net assets and net current assets over the past three years, indicating growth. There is no sign of distress such as overdue filings or director disqualifications. The director holds full control and has maintained compliance with statutory requirements. Given the company’s modest scale, consistent financial health, and no adverse indicators, credit approval is warranted.

2. Financial Strength:
   The company holds net assets of £23,420 as of August 2024, up from £17,906 the previous year, reflecting retained earnings growth. The balance sheet is composed primarily of current assets (£29,756), mainly debtors (£27,897), with very little fixed assets disclosed. Current liabilities remain low at £6,336, resulting in a strong net current asset position of £23,420. Shareholders' funds entirely consist of equity with no debt, showing a clean capital structure. The absence of audit and relatively small asset base aligns with its classification as a micro/small entity.

3. Cash Flow Assessment:
   Cash on hand is low (£1,859) but has increased substantially from the prior year (£50), indicating improved liquidity. Debtors constitute the majority of current assets, so effective collection processes are critical for sustaining cash flow. The net current assets comfortably exceed current liabilities, suggesting sufficient short-term liquidity to meet obligations. However, the company’s reliance on receivables warrants monitoring to ensure cash inflows remain timely.

4. Monitoring Points:

• Debtor aging and collection effectiveness, given the high debtor concentration.
• Continued profitability and retention of earnings to support net asset growth.
• Cash balances and liquidity to maintain payment capacity.
• Director’s ongoing stewardship and any changes in control or operational scale.
• Compliance with future filing deadlines and any changes in company status.