OFFICINA LIMITED

Executive Summary

OFFICINA LIMITED is a micro-entity IT consultancy with a stable and growing net asset position and strong liquidity demonstrated through positive working capital. The company is well-managed with no compliance issues or outstanding liabilities, supporting an approval recommendation for credit facilities. Continued monitoring of financial performance and compliance filings is advised to maintain credit quality.

OFFICINA LIMITED - Analysis Report

Company Number: 14367599

Analysis Date: 2025-07-29 14:04 UTC

1. Credit Opinion: APPROVE. OFFICINA LIMITED is a recently incorporated micro-entity operating in IT consultancy with a stable and improving financial position. The company shows positive net current assets and net equity that have increased year-on-year, indicating prudent financial management and an ability to meet short-term obligations. No adverse filings or overdue statutory requirements exist, and directors have not been disqualified. Given these factors and the nature of the business, the company appears creditworthy for typical SME credit facilities.

2. Financial Strength: The balance sheet shows net assets of £35,550 as of 30 September 2024, up from £26,868 the prior year. Current assets, primarily cash or equivalents, increased to £50,848, while current liabilities rose moderately to £15,298, resulting in a healthy net working capital of £35,550. The company has no long-term liabilities reported, indicating a clean liability structure. Shareholders’ funds fully support the asset base, reflecting sound capitalization. As a micro-entity, fixed assets are minimal or not reported, consistent with service industry norms.

3. Cash Flow Assessment: Current assets exceed current liabilities by a factor of more than 3 to 1, evidencing strong liquidity and working capital sufficiency. The increase in current assets over the prior year reflects either improved cash generation or capital injections, supporting operational cash flow adequacy. The average employee count is two, suggesting a low overhead base that aligns with manageable cash outflows. No off-balance-sheet liabilities or contingent liabilities are disclosed, reducing credit risk.

4. Monitoring Points:

• Monitor timely filing of accounts and confirmation statements to maintain compliance.
• Track revenue growth and profitability trends as detailed financials become available, since micro-entity accounts provide limited P&L data.
• Watch current ratio and net working capital to ensure liquidity remains robust, especially if business scales.
• Observe any changes in director composition or PSC structure that could impact governance or control.
• Review credit usage and repayment patterns to detect any emerging cash flow stress.