Company Number: 12488545

Analysis Date: 2025-07-20 16:37 UTC

1. Credit Opinion: APPROVE
   MOBCODER LTD demonstrates a solid financial footing for a micro category business with consistent growth in net assets and strong working capital. The absence of long-term liabilities and a clean director record supports confidence in management's stewardship. There is no sign of financial distress or overdue filings, indicating good compliance and operational control. Credit risk is low for typical lending or commercial credit facilities.

2. Financial Strength:
   The company’s balance sheet shows a steady increase in net assets from £10 in 2020 to £34,133 in 2024. Current assets have grown substantially to £43,707 with current liabilities well controlled at £9,574, resulting in net current assets of £34,133. Shareholders’ funds mirror net assets, reflecting retained earnings rather than external debt financing. No fixed assets are reported, which is typical for an IT consultancy. The capital structure is simple and equity-based, reducing leverage risk.

3. Cash Flow Assessment:
   Cash positions have been healthy with £22,519 reported in 2021 and current assets increasing overall, implying adequate liquidity. Current liabilities remain low relative to current assets, indicating good working capital management. The company has no overdrafts or short-term debt shown, which reduces liquidity risk. Although detailed cash flow statements are not provided, the increase in net current assets suggests positive operational cash flows or capital injections.

4. Monitoring Points:

• Watch for continued growth in current assets and net assets to ensure sustained financial health.
• Monitor any changes in liabilities, especially if new debt is introduced.
• Track cash flow patterns once formal cash flow statements become available to confirm liquidity stability.
• Observe any changes in director composition or control that might affect governance or risk profile.
• Keep an eye on market conditions affecting IT consultancy demand, as this could impact revenue and cash generation.