NEWAGE DEV LLP

Executive Summary

NEWAGE DEV LLP presents a strong liquidity position with a clean balance sheet and no external debt, supported by member loans. However, the lack of profit and loss data and trading history limits full credit assessment. Conditional approval is recommended, pending monitoring of operational performance and cash flow sustainability as the business develops.

NEWAGE DEV LLP - Analysis Report

Company Number: OC446211

Analysis Date: 2025-07-29 18:01 UTC

1. Credit Opinion: APPROVE with conditions.
   NEWAGE DEV LLP is a recently incorporated small LLP with a very clean balance sheet and no material liabilities. The company is active, compliant with filings, and shows a consistent cash position. However, absence of profit & loss details and operational data limits visibility on revenue generation and profitability. Approval is recommended subject to monitoring operational performance and cash flow generation once trading data becomes available.

2. Financial Strength:
   The LLP’s balance sheet as of 31 March 2025 reports current assets of £133,132, entirely cash, with minimal current liabilities (£419), resulting in net current assets of £132,713. Total net assets equal £132,713, which are fully funded by members’ loans (£132,646) and a nominal capital contribution (£67). The financial structure shows no external debt and a strong liquidity position. The balance sheet size is modest but stable, consistent with a micro or small entity. There are no fixed assets or material long-term liabilities reported.

3. Cash Flow Assessment:
   The company holds a strong cash balance relative to its liabilities, indicating very good short-term liquidity and working capital. With current liabilities under £500 and cash over £130k, the LLP can comfortably meet its immediate obligations. However, the absence of disclosed turnover and profit & loss data means cash flow generation from operations is unknown. The cash position appears to be primarily member funding, so operational cash inflows and sustainability require further validation.

4. Monitoring Points:

• Future trading results and profitability once P&L reports are filed.
• Cash burn rate and working capital changes to ensure liquidity is maintained.
• Any increase in external debt or trade creditors that may pressure liquidity.
• Changes in member loans that currently finance net assets.
• Compliance with filing deadlines and timely submission of confirmation statements.
• Any changes in control or management that could affect governance and financial stewardship.