OFFICE OF COMPUTER PROGRAMS LTD

Executive Summary

Office of Computer Programs Ltd is a micro private limited company with sound initial financial footing, positive working capital, and no external debt. Though newly established, it demonstrates prudent financial management under sole director control. Approval is recommended for modest credit facilities, with close monitoring of trading performance and liquidity as the business develops.

OFFICE OF COMPUTER PROGRAMS LTD - Analysis Report

Company Number: 14516713

Analysis Date: 2025-07-19 12:46 UTC

1. Credit Opinion: APPROVE
   Office of Computer Programs Ltd is a newly incorporated micro private limited company with a clean and compliant filing record. The company shows positive net current assets and shareholder funds, indicating initial capitalisation and prudent financial stewardship. While trading history is limited due to its recent formation, the sole director and majority shareholder, an experienced software engineer, demonstrates direct control and accountability. Given the modest scale and limited liabilities, the company currently exhibits a low credit risk profile suitable for small credit facilities.

2. Financial Strength:
   The balance sheet as of 30 November 2023 reflects total assets less current liabilities of £11,814, comprised mostly of current assets (£14,631) with minimal fixed assets (£498). The net current assets of £11,316 indicate solid working capital. Shareholders’ funds equal total net assets, confirming no external debt. The absence of long-term liabilities and a clean equity position support the company’s financial stability for its size. However, the micro entity status and minimal asset base limit its financial buffer against significant shocks.

3. Cash Flow Assessment:
   Current assets primarily consist of cash or equivalents, reflecting sound liquidity. Current liabilities of £3,315 are modest and easily covered by current assets, resulting in a comfortable current ratio (~4.4x). Working capital is positive and sufficient to cover short-term obligations. The company employs one person, keeping operating expenses low. Cash flow appears adequate for current operations, but future cash generation will depend on business growth given the early stage of development.

4. Monitoring Points:

• Revenue and profitability trends in upcoming accounts to assess business viability and sustainability.
• Cash conversion cycles and debtor collection efficiency as operations scale.
• Changes in liabilities or introduction of external financing that could affect leverage and liquidity.
• Director’s continued involvement and any material changes in management or ownership.
• Compliance with filing deadlines and maintenance of accurate financial records.