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.