Company Number: 14773774

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

1. Credit Opinion: CONDITIONAL APPROVAL
   MARK A WHITTINGTON LIMITED is a newly incorporated micro private limited company operating in a specialised construction sector (SIC 43999). With only its first financial year completed, it shows a modest net asset base of £22,292 and negative net working capital of £23,935. The company’s ability to service any significant debt is currently limited given the negative net current assets position and absence of profit and loss data. However, the absence of overdue filings and presence of directors with full control indicate basic compliance and governance standards. Approval for credit facilities may be considered at low exposure levels, conditional on monitoring trading performance and cash flow development going forward.

2. Financial Strength:
   The balance sheet shows fixed assets of £46,227 and current assets of £56,526 versus current liabilities of £80,461. This results in a net current liabilities figure of (£23,935), indicating a working capital deficit. Total net assets and shareholders’ funds stand at £22,292, which is low but positive for a first-year micro entity. The company currently employs only one person (likely one of the directors), reflecting a small scale of operations. The financials do not include a profit and loss account, which limits insight into profitability or revenue trends. Overall, the financial position is fragile and typical for a start-up in this sector.

3. Cash Flow Assessment:
   With current liabilities exceeding current assets by approximately £24k, the company faces a liquidity constraint and may rely on director funding or short-term credit lines to meet obligations. The absence of detailed cash flow statements or profit data restricts comprehensive cash flow analysis. Given the micro entity accounting framework applied, cash flow management and working capital control will be critical to sustaining operations. The company should demonstrate improved liquidity and positive cash generation in subsequent periods to support creditworthiness.

4. Monitoring Points:

• Improvement in net current assets and liquidity position
• Filing of next accounts with profit and loss data to assess earnings quality
• Management of working capital and creditor payment terms
• Directors’ continued involvement and any changes in ownership/control
• Evidence of revenue growth and sustainable cash flows
• Timeliness of statutory filings and compliance with regulatory requirements