Company Number: 12620950

Analysis Date: 2025-07-20 18:23 UTC

1. Credit Opinion: APPROVE with monitoring. NEW SIX LIMITED shows strong net asset growth, healthy working capital, and no signs of distress. However, payment of the Confirmation Statement is overdue, indicating a minor compliance issue. The company’s financials reflect prudent management and adequate liquidity to service debt, but ongoing compliance needs attention.

2. Financial Strength: The balance sheet demonstrates solid financial health. Net assets increased to £493,691 in 2024 from £479,898 in 2023, reflecting steady capital growth. Fixed assets remain stable around £93k, while current assets decreased from £799k to £558k, partly offset by a significant reduction in current liabilities from £181k to £62k, improving net current assets to £498k. The absence of long-term debt (no creditors after one year in 2024) enhances financial stability.

3. Cash Flow Assessment: Working capital is strong with net current assets of nearly £0.5 million, supporting operational liquidity. Current liabilities are manageable and have decreased substantially year-over-year, reducing short-term financial pressure. The company employs only 3 staff, indicating a lean cost structure, which supports cash flow resilience. No audit exemptions and micro-entity status imply simplicity but also limited financial disclosure.

4. Monitoring Points:

   • Ensure timely filing of statutory returns to avoid regulatory penalties.
   • Monitor cash conversion cycle due to the drop in current assets, ensuring receivables and stock levels remain under control.
   • Watch for any material changes in liabilities or fixed assets that could affect liquidity.
   • Track sales and profitability trends given the varied SIC codes spanning management consultancy and retail/wholesale footwear and clothing, to assess revenue concentration and sector risks.