Company Number: 15248302

Analysis Date: 2025-07-29 20:34 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   P&D Aston Consultancy Limited is a newly incorporated private limited company (Oct 2023) with its first set of accounts filed for the period ending Oct 2024. The company shows a modest positive net current asset position (£7,473) and shareholders' funds of the same amount, indicating initial capitalisation. However, as a start-up with no historical profitability data and limited financial history, credit exposure should be cautiously managed. Approval should be conditional on regular monitoring of trading performance and cash flow stability going forward.

2. Financial Strength:
   The balance sheet shows total current assets of £29,019, predominantly cash (£26,388), with current liabilities of £21,546. The net current asset position of £7,473 reflects positive working capital. Shareholders' funds of £7,473 correspond mostly to retained earnings and initial share capital, indicating the company is adequately funded at inception. Absence of fixed assets and low asset base is typical for a consultancy start-up. The company has no long-term liabilities, which supports financial stability in the short term.

3. Cash Flow Assessment:
   Cash at bank is £26,388, which covers current liabilities (£21,546) with a comfortable margin, suggesting sufficient liquidity to meet short-term obligations. Debtors are low (£2,631), indicating minimal credit risk from trade receivables at this stage. The working capital position is positive but limited in scale, consistent with the company’s micro-size category and early stage of trading. Further assessment is recommended once turnover and profitability data become available.

4. Monitoring Points:

• Trading performance and revenue growth in subsequent reporting periods to assess sustainability.
• Cash flow trends to ensure continued liquidity and ability to service any credit facilities.
• Changes in debtor and creditor days to monitor working capital management.
• Any increase in liabilities, especially short-term creditors, which could pressure liquidity.
• Director conduct and related party transactions, noting current loans owed to directors (£4,328).