Company Number: 12591366

Analysis Date: 2025-07-29 18:18 UTC

1. Credit Opinion: APPROVE with conditions. MAXPURE WINDOWS LTD is a micro private limited company showing a significant improvement in net assets and working capital in the latest financial year. Although trading history is short and scale is small, the company demonstrates a positive trajectory from near break-even and low net assets to a stronger liquidity position. Continued monitoring is recommended given the limited operational scale and single director control, but credit risk is currently low.

2. Financial Strength: The balance sheet as of May 31, 2024, shows net assets of £52,010, a substantial increase from only £100 a year earlier. Current assets rose sharply to £53,538 while current liabilities reduced significantly to £1,528, indicating strong asset growth and liability management. Share capital remains nominal at £200, reflecting a small equity base, but accumulated reserves have improved markedly. The company is solvent with positive net current assets and no indication of overdue liabilities.

3. Cash Flow Assessment: The company displays solid liquidity with net current assets of £52,010, indicating an ability to meet short-term obligations comfortably. The minimal current liabilities reduce liquidity risk, and the growth in current assets suggests improved operational cash flow or cash holdings. With an average of only one employee, working capital requirements are minimal, supporting operational cash flow stability. However, detailed cash flow statements are not provided, so cash generation assumptions should be reviewed with future filings.

4. Monitoring Points:

   • Continued growth in net assets and working capital to confirm financial stability.
   • Profitability trends and cash flow statements once available to assess operational cash generation.
   • Director’s conduct and governance given sole control; watch for any related party transactions or governance risks.
   • Business diversification and customer base expansion to reduce dependency risk.
   • Timely filing of accounts and confirmation statements to maintain compliance.