NANO SP LTD

Executive Summary

NANO SP LTD exhibits a robust financial position supported by steady revenue growth, strong asset base, and excellent liquidity. The company’s consistent profitability and sound working capital management indicate a reliable capacity to service debt. Approval of credit facilities is recommended with routine monitoring of operational and market risks.

NANO SP LTD - Analysis Report

Company Number: 13139942

Analysis Date: 2025-07-29 20:57 UTC

1. Credit Opinion: APPROVE
   NANO SP LTD demonstrates solid financial health and consistent growth since incorporation in 2021. Turnover has steadily increased from approximately £9.5 million in 2021 to nearly £10 million in 2024, with improving profitability (operating profit £3.95 million in 2024). The company maintains strong net assets (£11.5 million) and robust working capital, reflecting sound financial stewardship by management. No adverse flags such as overdue filings or director disqualifications exist. The diverse SIC codes suggest operational breadth (financial intermediation and used car sales), which may provide some revenue diversification. Overall, the entity appears capable of servicing new credit facilities.

2. Financial Strength:
   The balance sheet is strong and improving year-on-year. Fixed assets have grown to £4.96 million, indicating investment in tangible assets, likely supporting business operations. Current assets of £10.56 million, including a healthy cash balance of £3.1 million, exceed current liabilities of £4 million, yielding net current assets of £6.55 million, a comfortable liquidity buffer. Shareholders’ funds have increased steadily to £11.51 million, reflecting accumulated retained earnings and capital growth. The company is classified as Small under the UK thresholds but is approaching Medium in turnover. The leverage is minimal, with no indication of long-term debt in the data provided.

3. Cash Flow Assessment:
   Cash reserves at £3.1 million provide strong liquidity to cover short-term obligations. The net current assets position confirms working capital adequacy, supported by a solid stock base (£7.46 million) which is being managed without significant strain. The operating profit margin (~40%) and consistent profitability support positive cash generation capability. While detailed cash flow statements are not provided, the available data implies good cash flow management with sufficient buffer for debt servicing and operational needs.

4. Monitoring Points:

• Continued turnover growth and margin stability to ensure ongoing profitability.
• Inventory levels relative to sales to avoid overstocking or liquidity constraints.
• Maintenance of strong cash balances and monitoring any emerging liabilities or debt.
• Market conditions affecting used car sales and financial intermediation sectors, particularly regulatory changes.
• Director and company status to remain in good standing with timely filings.