Company Number: 14283315

Analysis Date: 2025-07-29 19:54 UTC

1. Credit Opinion: DECLINE
   NAVAL ENGINEERING SUPPORT CONSULTANCY LIMITED presents a very weak credit profile. The company is a micro-sized private limited entity, incorporated recently in 2022, with minimal net assets (£110) and negligible working capital. The financials show no material growth or profitability, and current assets barely cover current liabilities. This extremely thin equity base indicates an inability to absorb financial shocks or service debt adequately. Given these factors, extending credit would carry high risk without substantial collateral or guarantees.

2. Financial Strength:
   The balance sheet is minimalistic with current assets of £14,758 and nearly equal current liabilities of £14,648, resulting in net current assets of only £110. Total net assets and shareholders’ funds are also just £110, indicating the company has no tangible financial cushion. No fixed assets or long-term investments are reported. The financial position has remained static over the last two reported years, suggesting no asset accumulation or capital strengthening.

3. Cash Flow Assessment:
   With current assets barely exceeding current liabilities, liquidity is extremely tight. The company’s working capital is marginal, which limits its ability to meet short-term obligations comfortably. No cash flow statement is available, but the static net current assets and net assets hint at limited operating cash generation. The small scale of operations (2 employees) and lack of profitability data further cloud the assessment of sustainable cash inflows.

4. Monitoring Points:

• Track any changes in net current assets and net assets to detect improvements or deterioration in financial health.
• Monitor timely filing of accounts and confirmation statements to ensure compliance and transparency.
• Review director and management changes for any impact on governance or credit risk.
• Watch for any indications of increased liabilities or delayed payments to suppliers that could signal liquidity stress.