Company Number: 14075944

Analysis Date: 2025-07-29 19:00 UTC

1. Credit Opinion: APPROVE with conditions. PS ONLINE PHYSIQUE COACHING LTD is a micro-entity with a very short trading history since incorporation in April 2022. The company is active and shows steady growth in net assets from £100 at the end of FY 2023 to £5,632 by FY 2024, reflecting positive financial development. However, as a small coaching business with limited fixed assets and a single director controlling all shares, the credit risk is moderate. Approval is contingent on continued trading performance and adherence to timely filings.

2. Financial Strength: The balance sheet shows modest but improving financial strength. Fixed assets stand at £1,782, which is minimal and typical for a service business. Current assets of £5,540 against current liabilities of £1,630 yield net current assets (working capital) of £3,910, indicating sufficient short-term liquidity. Shareholders’ funds of £5,632 represent positive retained equity, showing the company is not reliant on external funding to date. Overall, the financial position is sound but limited in scale.

3. Cash Flow Assessment: The company’s liquidity appears adequate with positive working capital and a current ratio roughly 3.4x (5,540/1,630), suggesting the ability to meet short-term obligations. However, absolute cash balances are low (£100 in previous year), and the micro-entity accounts do not disclose detailed cash flow statements or profit and loss data, which limits full cash flow assessment. The company should be monitored for operational cash inflows and outflows to ensure ongoing debt servicing capacity.

4. Monitoring Points:

• Continued growth in net assets and working capital in subsequent accounts.
• Timely filing of accounts and confirmation statements to maintain regulatory compliance.
• Profitability trends once profit and loss data become available.
• Director’s financial stewardship and operational resilience as the sole controlling shareholder.
• Any significant changes in liabilities or asset base that could impact liquidity.