Company Number: 13117957

Analysis Date: 2025-07-20 13:48 UTC

1. Credit Opinion: APPROVE with caution.
   PREEN AND CLEAN NTH SHEFF LTD is a micro-entity active since 2021 operating in window cleaning services. The company demonstrates a modest but positive net asset base that has grown slightly from £430 to £635 over the last two years, indicating slow but stable financial improvement. Given the small scale and low asset base, credit exposure should be limited. The absence of overdue filings and stable director appointments supports responsible management. However, due to minimal scale, limited working capital, and low net assets, credit facilities should be modest and closely monitored.

2. Financial Strength:
   The company’s balance sheet shows low but positive net current assets (£635 at 2023 year-end) and net assets (£635), which have increased from £430 the prior year. Current assets have decreased from £5,448 to £3,890, while current liabilities also decreased from £5,018 to £3,255, maintaining a positive working capital position. Shareholders’ funds remain low (£635), reflecting the micro-entity status with minimal capital injection (£10 share capital). Overall, the balance sheet is sound but very small in scale, limiting financial buffer against shocks.

3. Cash Flow Assessment:
   Current assets consist mainly of cash or equivalents and receivables sufficient to cover current liabilities, giving a current ratio just above 1.2, indicating the company can meet short-term obligations. The working capital position is positive but thin, so liquidity management will be critical. The company employs only one staff member, which limits fixed overheads. No indication of significant trade creditors or liquidity strain is visible, but cash flow volatility risk is inherent due to the small scale.

4. Monitoring Points:

• Maintain positive net current assets and monitor any trend of erosion in working capital.
• Watch receivables and payables aging to ensure timely collections and payments.
• Track revenue growth and profitability as these figures are not yet disclosed but critical for debt servicing.
• Monitor any changes in director structure or any adverse director conduct records.
• Given micro-entity status, ensure timely filing of accounts and confirmation statements to avoid compliance risks.