Company Number: 14688252

Analysis Date: 2025-07-29 14:32 UTC

1. Credit Opinion: APPROVE with conditions
   Modelex Solutions Limited is a newly incorporated micro-entity with a clean financial record and positive net current assets. The company shows a modest working capital surplus of £13,167 as of the latest accounts. However, it has no employees and limited trading history, which increases risk. Approval is recommended conditionally, subject to monitoring trading performance and cash flow stability over the next 12 months before considering increased credit facilities.

2. Financial Strength:
   The company’s balance sheet is very modest, reflecting its micro-entity status and short operational period since incorporation in February 2023. Net assets equal shareholders' funds of £13,167, with current assets primarily in cash or receivables (£29,905) against current liabilities of £16,738. There are no fixed assets or long-term liabilities reported. This indicates a simple capital structure with no gearing, which is positive but limited in scale.

3. Cash Flow Assessment:
   Current assets sufficiently cover current liabilities, indicating a positive working capital position. The company has not disclosed detailed cash flow statements, but the net current asset surplus suggests sufficient liquidity to meet short-term obligations. The absence of employees and low overheads likely reduces cash burn, but limited trading history means cash flow predictability is uncertain.

4. Monitoring Points:

• Monitor subsequent filings for revenue growth and profitability trends to assess the company’s ability to generate sustainable cash flow.
• Watch for any increase in current liabilities that could pressure liquidity.
• Observe director’s credit conduct and business activity, given sole control by one individual.
• Review any changes in business scale or industry risk, especially in IT and management consultancy sectors.