PS ACCESS LTD

Executive Summary

PS ACCESS LTD demonstrates solid early-stage financial health characterized by positive net assets and strong working capital growth. The company maintains good liquidity and has begun investing in fixed assets, signaling operational development. Continued monitoring of provisions and focused growth strategies will be critical for sustaining and improving financial wellness.

PS ACCESS LTD - Analysis Report

Company Number: SC736393

Analysis Date: 2025-07-19 12:57 UTC

Financial Health Assessment for PS ACCESS LTD as of 30 June 2024

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1. Financial Health Score: B

Explanation:
PS ACCESS LTD shows positive net assets and strong working capital growth in its second full year of operation. The company is building a modest asset base and maintains a healthy margin between current assets and liabilities, indicating good short-term financial stability. However, the relatively small scale of operations and limited fixed assets suggest cautious optimism rather than robust financial health typical of more mature companies.

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2. Key Vital Signs

Metric	Value (2024)	Interpretation
Fixed Assets	£4,035	Indicates investment in long-term resources; small but a positive step up from zero last year, showing asset growth.
Current Assets	£12,336	Healthy short-term resource pool (cash, receivables), significantly increased from £1,001 in 2023 – a positive sign of liquidity improvement.
Current Liabilities	£1,558	Short-term obligations remain low relative to current assets, indicating manageable near-term debts.
Net Current Assets (Working Capital)	£10,778	Strong positive working capital, akin to a healthy pulse indicating good operational liquidity.
Total Assets Less Current Liabilities	£14,813	Shows overall asset strength after covering current debts, signaling the company’s capacity to meet obligations.
Provisions for Liabilities	£7,645	Notable provisions for liabilities—could be reserves for known risks or future expenses; requires monitoring.
Net Assets (Shareholders’ Funds)	£6,628	Positive equity base reflects overall company value after liabilities; an encouraging sign of financial stability.

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3. Diagnosis: What the Financial Data Reveals

• Liquidity & Solvency: The company shows a "healthy cash flow" environment with ample current assets relative to liabilities, suggesting it can comfortably cover short-term obligations. The net current assets (working capital) are strong and have grown significantly year-on-year, indicating improving operational efficiency and cash management.

• Asset Growth: The introduction of fixed assets (£4,035) after none in the previous year indicates investment to support operations or growth, akin to acquiring necessary tools or equipment to strengthen capacity.

• Reserves & Provisions: The provision for liabilities (£7,645) rose substantially compared to the prior year. This "symptom of caution" could indicate anticipation of future expenses or risks. While provisions are prudent, they reduce net assets and should be regularly reviewed to ensure they reflect realistic obligations.

• Scale & Maturity: As a micro-entity incorporated in 2022, the company remains in its infancy. The small scale (single employee, limited asset base) means it is still establishing its market presence in the specialized construction sector (bridges and tunnels).

• Compliance & Governance: The company is up to date with filings and not in liquidation or distress, which supports a stable operational environment.

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4. Recommendations: Actions to Improve Financial Wellness

• Monitor Provisions: Conduct a detailed review of liability provisions to confirm they are not overly conservative and to avoid unnecessarily tying up capital that could be used for growth.

• Enhance Asset Utilization: With fixed assets now present, ensure these are effectively deployed to generate revenue and improve profitability.

• Cash Flow Forecasting: Implement robust cash flow forecasting to maintain the strong liquidity position and anticipate any short-term funding needs.

• Growth Planning: Explore opportunities to increase turnover and scale operations beyond micro-level thresholds, which can improve economies of scale and financial resilience.

• Cost Controls: Continue to manage operating expenses tightly, especially as the company grows, to prevent "symptoms of distress" such as erosion of working capital.

• Stakeholder Communication: Maintain clear communication with shareholders and creditors regarding financial health to build trust and support.

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