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.