Company Number: 14252913

Analysis Date: 2025-07-20 14:10 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   MORI CONSULT LTD is a recently incorporated micro-entity operating in IT consultancy and services. Its financials show positive net current assets and modest net assets, indicating minimal but positive working capital. However, the company has significant long-term liabilities relative to its net assets, which may constrain financial flexibility. Given the early stage of the business and limited financial history, extending credit is acceptable with conditions such as ongoing monitoring and prudent limits.

2. Financial Strength:
   The balance sheet as of 31 July 2023 shows current assets of £20,000 against current liabilities of only £1,476, resulting in strong net current assets (£18,524), which is positive for short-term financial health. However, the company reports creditors due after more than one year totaling £14,791, which reduces total net assets to £3,733. This indicates a reliance on longer-term liabilities, which raises some concerns about leverage given the small equity base. The company’s net asset position is positive but thin, typical for a micro-entity in its first year.

3. Cash Flow Assessment:
   The large positive net current assets suggest that the company has sufficient liquidity to meet short-term obligations. The micro-entity has only one employee, indicating low fixed overheads. However, the presence of long-term creditors suggests some debt servicing obligations that will require stable cash inflows. Without detailed profit and loss or cash flow statements, the ability to generate consistent operating cash flow cannot be fully assessed but current liquidity appears adequate.

4. Monitoring Points:

• Monitor the company’s ability to reduce or refinance long-term liabilities to improve net asset position.
• Watch for timely payment of trade and long-term creditors to avoid liquidity strain.
• Review updated accounts for revenue growth and profitability trends to assess debt servicing capacity.
• Track any changes in director or ownership that may affect governance or risk profile.