Company Number: 14501652

Analysis Date: 2025-07-29 12:51 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Max Gooding Ltd is a micro private limited company active since late 2022, engaged in management consultancy services. The company shows positive net current assets and net assets, indicating modest but stable financial footing. However, the total asset base and equity remain small, reflecting the micro entity size. The company’s ability to service debt appears sufficient at present given positive working capital, but the thin margin and small scale mean credit exposure should be limited and monitored closely. The directors are experienced and hold full ownership and control, suggesting stable governance. Overall, credit facilities can be approved conditionally with limits aligned to company size and ongoing financial review.

2. Financial Strength:
   As of the 2024 year-end, Max Gooding Ltd has total fixed assets of £8,091 and current assets of £83,646 against current liabilities of £67,498, resulting in net current assets (working capital) of £16,148. Net assets stand at £23,054, a slight decrease from £24,020 in 2023. The company has maintained positive equity and working capital over the last two years, consistent with a stable balance sheet. However, the fixed asset base is minimal, indicating limited tangible collateral. The company’s micro status and modest net worth suggest limited financial buffer, but no signs of distress or erosion are evident.

3. Cash Flow Assessment:
   Current assets primarily consist of cash and receivables supporting liquidity. The net current assets of £16,148 reflect a positive working capital position, allowing the company to meet short-term obligations. Current liabilities are manageable relative to current assets, with no overdue creditors reported. The slight reduction in current assets year-on-year warrants attention, but overall liquidity appears adequate for the company’s scale and operations. Cash flow generation from operations is not explicitly detailed but implied steady through maintained working capital and positive net assets. Monitoring cash conversion cycles will be key.

4. Monitoring Points:

• Track changes in working capital and liquidity ratios to detect tightening cash flow.
• Review annual accounts for growth in turnover and profitability as profit and loss details are currently unavailable.
• Monitor director appointments and any changes in ownership control or governance that could impact financial stewardship.
• Watch for timely filing of future accounts and confirmation statements to avoid compliance risks.
• Assess any increase in liabilities or reduction in net assets that could signal weakening financial position.