PERFEX SOLUTIONS LTD

Executive Summary

Perfex Solutions Ltd is a micro-sized IT consultancy start-up with a healthy balance sheet and strong cash position relative to current liabilities. The company shows good financial stewardship with no overdue filings and manageable director support. Credit approval is recommended with prudent limits and ongoing monitoring of cash flow and trading performance as the business develops.

PERFEX SOLUTIONS LTD - Analysis Report

Company Number: 15055486

Analysis Date: 2025-07-20 16:00 UTC

1. Credit Opinion: APPROVE (with cautious optimism) Perfex Solutions Ltd is a newly incorporated private limited company operating in the IT consultancy sector (SIC 62020). Despite its short trading history (incorporated in August 2023), the company has demonstrated a positive net asset position and sufficient working capital as at January 2025. There are no overdue accounts or returns filings, and the director has injected some capital and made interest-free loans to support operations. The single director and 100% shareholder appears committed, with no adverse records. The company’s modest scale and early stage suggest a cautious credit stance but with approval for reasonable credit limits, assuming ongoing monitoring and no significant changes.

2. Financial Strength:

• Net assets stand at £35,400 with tangible fixed assets of £10,797.
• Current assets total £53,377, primarily cash (£44,577) and trade debtors (£8,800).
• Current liabilities are £27,794, resulting in net current assets (working capital) of £25,703.
• Share capital is nominal (£1), with retained earnings of £35,399 reflecting accumulated profits or director’s loans.
• Absence of borrowings other than director loans (£5,632) which are unsecured and repayable on demand. Overall, the balance sheet shows a sound liquidity buffer and positive equity base for a micro-sized company, with no leverage concerns.

3. Cash Flow Assessment:

• Cash position is strong relative to liabilities, indicating good short-term liquidity.
• The director’s unsecured loans provide additional flexibility but also highlight reliance on internal support.
• Trade debtors are modest but should be monitored for collection risk.
• Working capital is positive and adequate to support ongoing operations.
• No external debt reported, reducing risk of fixed financial charges. The liquidity profile supports the company’s ability to meet short-term obligations comfortably at this stage.

4. Monitoring Points:

• Track revenue growth and profit generation as the company matures beyond its start-up phase.
• Monitor cash flow trends to ensure continued positive liquidity without increasing reliance on director loans.
• Watch debtor aging to ensure timely collections in line with credit terms.
• Keep an eye on any changes in liabilities, especially if external borrowing is introduced.
• Review director conduct and company filings for any compliance issues or changes in control.
• Evaluate market conditions in the IT consultancy sector that could impact demand or payment behavior.