Company Number: 13260530

Analysis Date: 2025-07-20 17:38 UTC

1. Credit Opinion: APPROVE with conditions. Plus Four Four Ltd is a micro private limited company operating in the hairdressing and beauty treatment sector. The company has demonstrated modest but consistent growth in net assets and net current assets over the recent financial years. While the absolute financial scale is small, the company maintains positive working capital and a positive net asset position. The presence of a single director with business consulting experience and a significant controlling shareholder (a German entity holding 75-100% control) suggests some level of external oversight and control. However, given the limited scale and relatively thin capital base (£7,802 shareholders' funds), credit facilities should be cautiously sized and possibly secured or subject to regular review. There is no indication of financial distress or overdue filings, which supports creditworthiness.

2. Financial Strength: The balance sheet shows a stable but small financial position. Current assets increased from £70k in 2022 to nearly £117k in 2023, while current liabilities also rose proportionally, resulting in net current assets of around £9.8k. Net assets have improved from £5.6k in 2022 to £7.8k in 2023, indicating retained earnings or capital injections. The company holds no long-term assets and relies entirely on working capital. The shareholder funds are low but positive, and the company is not over-leveraged given the current liabilities relative to current assets. Overall, the company’s financial strength is adequate for its size, but limited in scale and capital depth.

3. Cash Flow Assessment: The company’s liquidity position is positive as indicated by net current assets of approximately £9,800 at the latest year-end. Current assets exceed current liabilities, giving a current ratio slightly above 1.0, which is minimal but sufficient for day-to-day operations in the micro company context. The working capital position has remained steady year on year. The company operates with one employee, indicating low fixed overheads. Cash flow appears sufficient to meet short-term obligations, but the small net working capital buffer means cash flow should be carefully monitored, especially in any economic downturn or if credit is extended.

4. Monitoring Points:

• Maintain up-to-date filing compliance to avoid penalties and credit concerns.
• Monitor cash flow closely given the modest working capital buffer.
• Watch for changes in current liabilities and ensure they do not outpace current assets.
• Review profitability and retained earnings growth when full P&L statements become available.
• Keep track of the relationship and financial support from the majority shareholder, Zero.Zero Professional Gmbh & Co.Kg.
• Monitor any changes in director or ownership that could affect governance or financial backing.