Company Number: 12612816

Analysis Date: 2025-07-29 14:57 UTC

1. Credit Opinion: APPROVE. NGU INTERIOR LTD demonstrates steady improvement in net assets and working capital over recent years, with no overdue filings and a clean director record. The company is micro-sized, operating in building completion and finishing with minimal employee count, indicating a small but stable operation. The incremental growth in net assets from negative in 2021 to positive and increasing in 2023 and 2024 suggests improving financial health and management competence. No red flags such as insolvency proceedings or director disqualifications are present.

2. Financial Strength: The latest accounts (year ending 31 May 2024) show net assets of £13,892, an increase from £10,246 in 2023, reflecting stronger equity capital. Fixed assets have grown from £864 to £4,052, indicating investment in long-term resources. Current assets increased significantly to £14,461, while current liabilities rose moderately to £4,621, resulting in healthy net current assets of £9,840. The balance sheet is well structured for a micro-entity, with positive shareholders' funds and no indication of financial distress.

3. Cash Flow Assessment: The company maintains a strong liquidity position with net current assets of £9,840, comfortably covering short-term liabilities. The substantial increase in current assets compared to last year suggests improved cash or receivables position. Although profit and loss details are not filed, the positive equity build-up and working capital position imply adequate cash flow management. The business operates with minimal employees, reducing fixed operational expenses, which supports sustainable cash generation.

4. Monitoring Points:

• Monitor continued growth of current assets relative to current liabilities to ensure liquidity remains strong.
• Watch for any changes in director appointments or PSC disclosures that may affect governance.
• Track filing punctuality for accounts and confirmation statements to avoid compliance risk.
• Review future accounts for any significant changes in turnover or profit margins once P&L data is available.
• Keep an eye on sector-specific risks in building completion that could impact cash flow or receivables.