Company Number: 14016960

Analysis Date: 2025-07-29 15:56 UTC

1. Credit Opinion: APPROVE
   Oldbit Limited demonstrates a stable and improving financial position with positive net current assets and net assets increasing year-on-year. The company shows no overdue filings or signs of liquidity distress, indicating the ability to meet short-term obligations. The presence of a single director with full ownership suggests centralized control with clear accountability, though the micro size limits complexity and risk exposure.

2. Financial Strength:
   The balance sheet reflects a healthy position for a micro-entity. Current assets rose from £54,446 in 2023 to £67,758 in 2024, while current liabilities increased moderately from £16,175 to £18,700. The net current assets improved from £38,271 to £49,058, indicating enhanced working capital. Net assets and shareholder funds rose correspondingly, signaling retained earnings or capital injections supporting solvency.

3. Cash Flow Assessment:
   The company maintains positive net current assets, suggesting sufficient liquidity to cover short-term liabilities. Cash or cash-equivalent components are not explicitly disclosed but implied within current assets. With only one employee and modest liabilities, working capital appears adequate for ongoing operations, minimizing reliance on external borrowing.

4. Monitoring Points:

• Track future profitability and cash generation as profit and loss details are unavailable, critical for debt servicing capacity.
• Monitor any changes in director ownership or management that could affect governance and financial policy.
• Watch for growth in current liabilities relative to assets that might signal liquidity pressures.
• Ensure timely filing of accounts and confirmation statements to maintain compliance and creditworthiness.