Company Number: 13012291

Analysis Date: 2025-07-20 16:07 UTC

1. Credit Opinion: APPROVE
   PEIX LTD. demonstrates a stable and improving financial position with a positive net asset base and strong working capital. The company is micro-sized, operating in IT consultancy, and has no overdue filings or signs of financial distress. Directors appear established with no adverse records. The business shows capacity to meet short-term obligations and appears to be managed prudently.

2. Financial Strength:
   The company’s balance sheet as of 30 November 2023 shows total assets less current liabilities of £31,619, up from £22,386 the previous year, indicating growth in net assets and equity. Fixed assets are minimal (£572), consistent with an IT consultancy business that likely relies on intellectual rather than physical assets. Shareholders' funds have increased, reflecting retained earnings or capital injections, strengthening the equity base.

3. Cash Flow Assessment:
   Current assets of £39,195 against current liabilities of £8,148 yield net current assets of £31,047, highlighting strong liquidity and working capital. This suggests the company can comfortably cover its short-term liabilities and has a buffer to manage operational cash flow needs. The maintenance of positive working capital over prior years indicates consistent cash management.

4. Monitoring Points:

• Monitor continued growth in net assets and working capital to ensure ongoing financial stability.
• Watch for changes in current liabilities that could signal liquidity pressures.
• Track director and ownership changes for any potential governance risks.
• Review future accounts filings to confirm profitability trends and cash flow consistency.