Company Number: 13888126

Analysis Date: 2025-07-29 21:01 UTC

1. Credit Opinion: APPROVE (Low Value Micro Entity, Early Stage) Nellie Technologies Limited is a micro-entity in its second full financial year. The company shows positive net current assets and net equity, with no overdue filings. The director has full ownership and control, which suggests stable management continuity. While the absolute financial scale is small and the company is young, there is no indication of distress or financial weakness. Credit exposure should be limited to modest amounts consistent with the company’s size and trading history.

2. Financial Strength:

• The balance sheet shows net assets of £8,006 as of 29 Feb 2024, up from £2,519 the prior year, indicating growth.
• Current assets increased substantially from £16,757 to £63,551, while current liabilities also rose but to a lesser extent.
• The company maintains positive net current assets (£8,006), reflecting working capital adequacy.
• No fixed assets are reported, typical for a micro-entity focused on professional and scientific services.
• Shareholders’ funds equal net assets, confirming no external debt or long-term liabilities.

3. Cash Flow Assessment:

• Current assets are almost entirely likely to be cash or receivables given the nature of the business and absence of stock.
• Net working capital is positive but modest, indicating limited liquidity buffer.
• The increase in current assets suggests improved cash or debtor position, supporting short-term obligations.
• Average employee count of 4 implies relatively low fixed overhead costs.
• No audit was required or performed, so cash flow details are limited; however, the positive net current asset position and absence of overdue liabilities imply reasonable liquidity.

4. Monitoring Points:

• Watch for consistent growth in current assets and net assets to ensure continued financial strengthening.
• Monitor cash flow cycles closely given the micro scale and early stage of the company.
• Confirm timely filing of future accounts and confirmation statements to avoid regulatory risk.
• Track any increases in liabilities or external borrowing that could strain liquidity.
• Observe any significant changes in ownership or management that could impact credit risk.