Company Number: 14761001

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

1. Credit Opinion: APPROVE with caution
   MARO SURVEY LTD is a newly incorporated micro-entity operating in quantity surveying activities, with limited financial history but a clean and positive balance sheet. The company demonstrates adequate working capital and net assets relative to its size. The sole director and 100% shareholder has relevant professional experience (Quantity Surveyor). Given no overdue filings or adverse records, the company appears capable of meeting short-term obligations and servicing modest credit facilities. However, the lack of historical trading data and zero employees suggest a very early-stage business, so approval should be conditional on ongoing financial monitoring and confirmation of trading activity.

2. Financial Strength:
   The balance sheet as of 31 March 2024 shows total net assets of £6,017, supported by fixed assets (£3,222) and net current assets of £4,902. Current liabilities of £2,848 are well covered by current assets (£7,750), indicating a comfortable liquidity buffer. There is a creditor amount falling due after more than one year of £2,108, which is moderate for the scale of the business. Shareholders' funds fully cover net liabilities, reflecting positive equity and no apparent financial distress. The micro-entity status limits detailed disclosure, but overall financial position is sound for a start-up.

3. Cash Flow Assessment:
   Current assets exceed current liabilities by a significant margin (£4,902), indicating good short-term liquidity and working capital management. However, with no employees and limited turnover likely in the first year, cash flow generation may be minimal and potentially dependent on the director's capital injections or early client payments. Close attention should be paid to cash flow forecasts and the timing of receivables and payables as the business scales.

4. Monitoring Points:

• Confirm ongoing trading activity and revenue generation to assess cash flow sustainability.
• Monitor quarterly or biannual management accounts for any signs of liquidity tightening or growing payables.
• Watch for any director changes or adverse credit events related to the sole director.
• Review subsequent annual accounts for growth in turnover, profitability, and employee count.
• Ensure timely filing of statutory returns and accounts to avoid compliance risks.