Company Number: 15218115

Analysis Date: 2025-07-29 13:14 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Paisley Jae Ltd is a recently established micro private limited company operating in employment placement services. The company’s financials show positive net assets and a modest working capital surplus, indicating initial financial stability. However, given its startup age (incorporated Oct 2023) and limited trading history (first accounts filed for period ended Oct 2024), credit exposure should be cautiously sized and monitored. Approval for credit facilities is recommended with conditions: limit exposure to manageable levels and review updated financials and trading performance regularly.

2. Financial Strength:

• Fixed assets at £13,975 are minimal, appropriate for a service-oriented micro entity.
• Current assets of £73,249 exceed current liabilities of £56,628, producing net current assets (working capital) of £18,539. This positive working capital suggests the company can meet short-term obligations.
• Total net assets stand at £32,377, reflecting a modest equity base with no indication of accumulated losses.
• Shareholders’ funds equal net assets, indicating no long-term debt shown.
  Overall, the balance sheet is sound for a micro-startup, with no leverage and positive liquidity.

3. Cash Flow Assessment:

• Current assets include cash and receivables sufficient to cover current liabilities, supporting liquidity.
• No audit or detailed cash flow statement is provided, limiting full cash flow analysis.
• Average employee count is 3, implying low fixed overheads, which benefits cash burn rate.
• The company has not reported overdue filings or financial distress.
  The liquidity position appears adequate for current operations, but monitoring cash flow as the company scales is advised.

4. Monitoring Points:

• Track turnover and profitability trends as new financial periods are reported to confirm growth and sustainability.
• Monitor debtor days and creditor payment terms to ensure working capital remains positive.
• Watch for any director changes or PSC shifts that could affect governance or control.
• Observe any increase in liabilities or borrowing that might alter credit risk.
• Review compliance with filing deadlines and any audit requirements as the company grows.