PRIME ACCESS SCAFFOLDING NW LTD

Executive Summary

Prime Access Scaffolding NW Ltd is in early operational stage with a weak financial position marked by negative net assets and significant working capital deficiency. Current cash flow and liquidity constraints make credit extension high risk. Close monitoring of future financial performance and liquidity improvements is essential before considering credit facilities.

PRIME ACCESS SCAFFOLDING NW LTD - Analysis Report

Company Number: 15020762

Analysis Date: 2025-07-29 14:06 UTC

Credit Opinion: DECLINE
Prime Access Scaffolding NW Ltd is a newly incorporated private limited company (incorporated July 2023) operating in scaffold erection. Its first financial statements show a negative net asset position of £3,495 and a significant working capital deficiency of £23,713. The company’s current liabilities exceed its current assets by a considerable margin, indicating liquidity pressure. The absence of profitability data due to abridged accounts and the early stage of operations further increases risk. Given these factors, the company currently lacks the financial strength and cash flow stability to service debt obligations reliably.

Financial Strength:
The balance sheet reveals total fixed assets of £20,218 (net of depreciation) but minimal current assets (£315 in cash) against current liabilities of £24,028. This results in a net current liability position and negative shareholders’ funds. The negative equity position and lack of retained earnings indicate that the company has yet to generate profits and is relying on external financing or director support. This fragile financial foundation poses a high risk for credit extension.

Cash Flow Assessment:
Cash on hand is minimal (£315), and with current liabilities at £24,028, the company faces a critical short-term liquidity gap. The working capital deficit suggests the company may struggle to meet immediate obligations without additional capital injections or improved receivables management. The absence of cash flow statements limits insight into operating cash generation, but the financial position implies reliance on external funding or owner’s equity.

Monitoring Points:

• Improvement in working capital and net asset position in subsequent filings
• Evidence of positive operating cash flow or profitability
• Timely payment record to suppliers and creditors
• Changes in director or ownership structure that might affect financial support
• Any material contracts or orders that support revenue growth and cash generation