Company Number: 14306689

Analysis Date: 2025-07-20 17:27 UTC

Credit Opinion:
APPROVE. Onsite Civils Ltd demonstrates strong financial health and liquidity for a young private limited company in the specialised construction sector. The company shows significant growth in net assets and working capital within two years, indicating effective financial management and a positive trajectory. There are no overdue filings or signs of distress.

Financial Strength:
The balance sheet shows robust improvement from 2023 to 2024. Net assets increased substantially from £70,711 to £191,306, driven primarily by increased tangible fixed assets (from £64,471 to £180,026) and improved net current assets (from £20,437 to £55,707). Shareholders’ funds mirror this increase. The company has very low share capital (£2), typical for private companies, but accumulated retained earnings indicate profitability. The presence of deferred tax liabilities (£44,427) is noted but expected for a growing asset base. Overall, the company’s financial position is solid with a strong equity base and a healthy asset-to-liability ratio.

Cash Flow Assessment:
Current assets stand at £75,391 with a healthy cash position of £45,713, significantly higher than the prior year. Current liabilities are modest at £19,684, resulting in net current assets (working capital) of £55,707. This strong liquidity position supports the company’s ability to meet short-term obligations comfortably. The increase in debtors to £29,678 is manageable relative to current assets and cash. No external borrowings or bank loans are disclosed, implying low financial leverage and low risk of cash flow strain.

Monitoring Points:

• Continued monitoring of debtor days to ensure timely collections and maintain liquidity.
• Review of fixed asset utilization and depreciation policy to confirm asset value sustainability.
• Observation of deferred tax changes and their impact on future cash flow.
• Watch for any changes in employee headcount and operational scale that could affect overheads.
• Monitor industry and economic conditions impacting specialised construction demand.