PRESTIGE CARPENTRY & FIRE LTD

Executive Summary

Prestige Carpentry & Fire Ltd is a newly established micro-entity with a clean balance sheet showing modest net assets and no liabilities, indicating low financial risk at inception. The company’s liquidity is currently adequate, supported by positive net current assets, but limited operational history warrants cautious credit exposure and ongoing monitoring of financial performance and cash flow development.

PRESTIGE CARPENTRY & FIRE LTD - Analysis Report

Company Number: 14774391

Analysis Date: 2025-07-29 21:01 UTC

Credit Opinion:
APPROVE with caution. Prestige Carpentry & Fire Ltd is a newly incorporated micro-entity (since April 2023) with its first set of accounts filed for the year ending March 2024. The company shows a modest but positive net asset position (£20,687) with no liabilities reported, indicating a clean balance sheet at this early stage. The director, who is also the sole significant controller, has relevant industry experience as a carpenter. However, the limited operating history and small scale mean credit exposure should be limited and monitored closely.

Financial Strength:
The company’s balance sheet reflects a small but positive equity base, driven mainly by current assets (£15,437) and fixed assets (£5,250). There are no current liabilities, resulting in net current assets of £15,437 and total net assets of £20,687. This is consistent with a micro-entity that has yet to build significant operational scale or debt. The absence of liabilities indicates no financial leverage or external debt burden, which lowers risk but also reflects limited capital investment.

Cash Flow Assessment:
Current assets likely include cash or cash equivalents and potentially some receivables or inventory, sufficient to cover any short-term obligations, as no current liabilities are reported. The net current assets position is positive, indicating good liquidity and working capital. However, without detailed cash flow statements or profit and loss data, it is difficult to assess operational cash generation or sustainability. The company’s liquidity position is currently sound but should be monitored as it grows.

Monitoring Points:

• Track future account filings to assess revenue growth, profitability, and cash flow trends.
• Monitor any new liabilities or borrowings that may impact debt servicing capability.
• Watch for changes in director or ownership structure that may affect governance.
• Review credit utilisation and payment history if credit facilities are extended.
• Observe any significant changes in current assets composition to ensure liquidity remains stable.