PIPR LIMITED

Executive Summary

PIPR Limited demonstrates a stable start with positive net assets and sufficient cash to cover liabilities, reflecting prudent financial management by its sole director. Given its recent incorporation and limited trading history, credit approval is recommended conditionally, subject to continued monitoring of financial performance and compliance. The company’s current liquidity position supports its ability to meet short-term obligations.

PIPR LIMITED - Analysis Report

Company Number: 14861664

Analysis Date: 2025-07-20 17:47 UTC

1. Credit Opinion: APPROVE with conditions
   PIPR Limited is a newly incorporated private limited company (May 2023) operating in the IT consultancy sector. The accounts indicate a positive net asset position and comfortable working capital, supported by cash holdings. However, given the short trading history (less than two years) and small scale, credit approval should be conditional on ongoing monitoring of trading performance and timely filing compliance. The absence of audited accounts is acceptable at this stage but warrants caution.

2. Financial Strength:
   The company shows a sound balance sheet for a start-up, with net assets of £33,733 as of 31 May 2024. Fixed assets are minimal (£127), reflecting a service-oriented business. Current assets total £53,422, predominantly cash (£47,672), with debtors at £5,750. Current liabilities are £19,784, mainly tax and social security obligations. The company has net current assets (working capital) of £33,638, indicating liquidity to meet short-term obligations. Shareholders’ funds equal net assets, reflecting no external debt.

3. Cash Flow Assessment:
   Cash balances are strong relative to liabilities, providing adequate liquidity for operational needs. Positive net current assets indicate effective short-term financial management. However, the company has only one employee/director and limited historical data on cash inflows/outflows. The significant tax creditor balance (£17,873) suggests potential concentrated outflows; ensuring these liabilities are met on time is critical.

4. Monitoring Points:

• Revenue and profitability growth as the company develops a trading history.
• Timely submission of future accounts and confirmation statements to maintain compliance.
• Management of tax liabilities and working capital to avoid cash flow strain.
• Ongoing review of director and shareholder stability, though currently controlled wholly by one director with full voting rights.
• Market conditions impacting IT consultancy demand and client payment behavior.