Company Number: 13244754

Analysis Date: 2025-07-29 15:53 UTC

1. Credit Opinion: APPROVE with conditions.
   MYLAR DESIGN LDN LIMITED shows a stable and improving financial position with positive net assets and strong liquidity. The company is relatively young but demonstrates prudent financial management and no overdue filings or compliance issues. However, the sole director's occupation outside the core packaging industry and the company’s limited operational scale suggest monitoring is advisable before extending significant credit.

2. Financial Strength:
   The balance sheet reflects a healthy net asset position of £67,476 as of 31 March 2024, up from £48,293 the prior year. The company has invested £17,500 in tangible fixed assets recently, indicating some reinvestment into operations. Current liabilities are low (£9,308) relative to current assets (£63,659), resulting in strong net current assets of £54,351. There are no long-term creditors as of the latest year, improving financial stability.

3. Cash Flow Assessment:
   The company holds a strong cash balance (£58,659) relative to its short-term liabilities, suggesting good liquidity and capacity to meet debt and operational expenses. Working capital remains robust, with net current assets covering current liabilities by a factor of over 5 times. There is minimal debtor risk as trade debtors are negligible, indicating prompt cash collection or a cash-based business model.

4. Monitoring Points:

• Continued growth or stability in net assets and liquidity to confirm ongoing operational viability.
• Management of corporation tax liabilities, as current tax creditors are a significant part of current liabilities.
• The impact of fixed assets investment on operational cash flow and earnings, to ensure it translates into revenue growth.
• The director’s involvement and any changes in management or control that could affect operational oversight.