MATTIX LIMITED

Executive Summary

Mattix Limited is a very small architectural consultancy with stable but minimal financial performance and limited assets. Its current financial position supports modest credit exposure only, with positive working capital but constrained profitability and cash flow. Credit facilities should be small and closely monitored for profitability and liquidity trends going forward.

MATTIX LIMITED - Analysis Report

Company Number: 13560000

Analysis Date: 2025-07-29 16:06 UTC

1. Credit Opinion: CONDITIONAL APPROVAL.
   Mattix Limited is a micro private limited company operating in architectural activities with stable but very modest turnover (~£40.5k) and minimal profitability (£865 profit in FY 2024). The company has a very small scale of operations with only one employee (the director) and limited fixed assets. While the financials show consistent net assets and positive working capital, the low turnover and slim profit margins limit the company’s debt servicing capacity and financial flexibility. Credit approval would be conditional on the facility size being modest and suited to the company’s scale, with close monitoring of cash flows and profitability.

2. Financial Strength:
   The balance sheet is very small with net assets of £1,040 as of August 2024, down from £1,240 in the previous year. Fixed assets are minimal (£440) and there are no long-term liabilities. Net current assets remain positive at £500, indicating adequate short-term liquidity. Shareholders’ funds align with net assets reflecting no external debt. The company’s financial position is stable but very limited in scale, with no significant reserves or financial buffer.

3. Cash Flow Assessment:
   Current assets (£1,000) comfortably exceed current liabilities (£500), providing a net current asset position (working capital) of £500. The company’s cash flow appears sufficient to meet short-term obligations based on working capital and low operating costs. However, the very low turnover and profit levels suggest limited cash generation capacity. Staff costs consume almost all turnover, leaving little margin for other expenses or debt servicing. The company’s liquidity is acceptable but tight, requiring careful cash flow management.

4. Monitoring Points:

• Profitability trends: watch for further profit erosion or improvement beyond the current £865 net profit.
• Turnover stability or growth: turnover has slightly declined from £41,710 to £40,515. Sustained stagnation or decline may impact viability.
• Cash flow and working capital: monitor current assets and liabilities to ensure no liquidity squeeze.
• Director and management conduct: currently a single director with control; any changes or signs of governance issues should be closely reviewed.
• External financing or credit usage: given limited scale, any borrowing should remain modest and matched to cash flow capacity.