NIMBLE TECHNOLOGY SERVICES LIMITED

Executive Summary

Nimble Technology Services Limited is a newly established micro private limited company with very modest financial resources but an improving balance sheet showing positive net current assets and shareholders' funds. The company’s creditworthiness is limited by its early stage and small scale, warranting conditional credit approval with small limits and close monitoring of liquidity and operational progress. Continued director stewardship and timely financial reporting will be essential to support any credit extension.

NIMBLE TECHNOLOGY SERVICES LIMITED - Analysis Report

Company Number: 14281887

Analysis Date: 2025-07-29 19:49 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Nimble Technology Services Limited is a very young micro-entity (incorporated in 2022) with minimal financial history. The company shows positive net current assets (£262) and shareholders' funds at the last financial year end (31 Aug 2024), improving from near zero the prior year. However, absolute amounts are very small, reflecting a limited operational scale and low working capital buffer. The single director and 100% owner, Mr. Darren Elsom, appears to be managing the business without adverse governance flags. Given the early stage and micro size, credit facilities could be extended on a small scale with close monitoring of cash flow and operational progress. Larger or longer-term exposure is not advisable at this point.

2. Financial Strength:

• Net assets increased from £1 in 2023 to £262 in 2024, indicating some initial capital injections or retained earnings, though still modest.
• Current assets (£650) exceed current liabilities (£388), yielding positive net current assets (£262), which is positive for short-term solvency.
• No fixed assets reported, suggesting limited investment in tangible or intangible assets.
• Shareholders funds mirror net assets at £262, showing no external long-term debt on the balance sheet.
• Overall financial strength is weak but stable with minimal liabilities and positive equity, typical for a start-up micro business.

3. Cash Flow Assessment:

• Cash reported previously was negligible (£1 in 2023), with current assets now at £650, likely including receivables or cash equivalents.
• Current liabilities are low (£388), but given the micro scale, working capital is tight.
• The company employs 1 person on average, limiting fixed overheads.
• Liquidity appears sufficient for current operational scale but leaves little margin for unexpected expenses or downturns.
• Absence of audit and limited disclosure restricts detailed cash flow evaluation.

4. Monitoring Points:

• Track growth in turnover and profitability once reported to ensure positive cash flow generation.
• Monitor liquidity ratios (current ratio, quick ratio) to confirm ongoing ability to meet short-term obligations.
• Watch for any increase in liabilities or overdraft reliance that could strain financial position.
• Confirm continued director involvement and whether any additional investment or borrowing occurs.
• Observe filing compliance and timely submission of accounts and confirmation statements.
• Assess any sector-specific risks given IT services environment and competitive market dynamics.