PER ASPERA AD ASTRA LTD

Executive Summary

Per Aspera Ad Astra Ltd is a very young, small-scale book publishing company with a clean initial balance sheet and positive net current assets. While the company currently shows no debt and adequate liquidity for its size, the limited trading history and financial data warrant conditional credit approval with close monitoring of operational progress and financial reporting. Further evidence of sustainable cash flow generation and profitability will be critical to support credit extensions going forward.

PER ASPERA AD ASTRA LTD - Analysis Report

Company Number: 15168480

Analysis Date: 2025-07-20 19:07 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Per Aspera Ad Astra Ltd is a newly incorporated private limited company in the book publishing sector with an active status and no adverse indications. The company has filed its first unaudited accounts showing a modest but positive equity base. However, given its short trading history (just over one year) and very limited financial scale, credit approval should be conditional on continued operational progress and timely financial reporting. Additional financial details such as turnover, profitability, and cash flow from operations are not disclosed, limiting a full risk assessment at this stage.

2. Financial Strength:
   The balance sheet shows total net assets of £2,467 as at 30 September 2024, entirely equity funded with no long-term liabilities. Current assets consist solely of cash of £3,023, against current liabilities of £556, yielding positive net current assets of £2,467. The company has a small issued share capital of £100 and retained earnings of £2,367, indicating initial capital injection plus some retained surplus or revaluation. The absence of debt and positive working capital position suggest a stable but minimal financial base.

3. Cash Flow Assessment:
   Cash at bank of £3,023 provides a limited liquidity cushion, sufficient to cover short-term liabilities of £556. However, cash reserves are modest, reflecting the early stage of the business and likely limited trading activity. There is no information on operating cash flows or credit facilities. Working capital is positive, which is a good sign, but the company’s ability to generate sustainable cash inflows remains untested. Close monitoring of cash flow forecasts and funding requirements is advised.

4. Monitoring Points:

• Timely submission of subsequent accounts and confirmation statements to ensure ongoing compliance.
• Development of turnover and profitability metrics in future filings to assess earnings quality and business growth.
• Cash flow trends and liquidity management, especially as the company scales operations.
• Any changes in director or ownership structure that may affect governance or control.
• Potential need for external financing as business expands, with attention to credit terms.