Company Number: 14501129

Analysis Date: 2025-07-29 12:33 UTC

1. Credit Opinion: APPROVE with conditions
   NMF Consulting Services Limited demonstrates a sound credit profile for a newly established management consultancy. The company shows improving net assets and net current assets, indicating growing financial stability. Cash balances have significantly increased, enhancing liquidity. However, as a micro-sized company with only one employee and limited trading history (incorporated November 2022), caution is warranted. Approval should be conditional on continued positive cash flow and timely filing of accounts and returns. Monitoring of receivables trends and director loans is also recommended.

2. Financial Strength:
   The balance sheet as at 30 November 2024 reflects net assets of £75,182, up from £32,097 the previous year, showing strong equity growth primarily driven by retained earnings. Tangible fixed assets are minimal (£3,642) consistent with a service business. Current assets of £89,480 against current liabilities of £17,940 yield a robust net current asset position (£71,540), indicating adequate short-term solvency. The company is classified as a micro entity, with no long-term debt and modest director loans (£352). Overall, financial strength is solid for the company’s size and sector.

3. Cash Flow Assessment:
   Cash at bank increased markedly from £28,472 in 2023 to £81,939 in 2024, signifying strong cash generation or capital injections. Debtors have reduced substantially (£7,541 from £21,940), improving working capital quality and reducing credit risk. Current liabilities remain stable, dominated by VAT and taxes. The company maintains positive working capital, supporting operational liquidity. Limited employee count and low fixed asset base reduce cash burn risk. Cash flow capacity to meet short-term obligations appears strong.

4. Monitoring Points:

• Continued growth in cash and net assets to confirm ongoing financial stability.
• Debtor aging and credit terms to ensure receivables remain collectible and do not inflate.
• Director loans level and repayment terms to monitor related party exposures.
• Timely submission of accounts and confirmation statements to avoid regulatory risk.
• Business performance metrics against market conditions given limited operational scale and short trading history.