RB ACCESS SCAFFOLDING LIMITED

Executive Summary

RB Access Scaffolding Limited shows improving financial health with increased net assets and positive working capital as of September 2024, supporting its ability to meet debt obligations in the short term. The company remains small and project-dependent, so ongoing monitoring of liquidity, contract stability, and creditor management is prudent. Conditional approval is recommended based on current financial metrics and business scale.

RB ACCESS SCAFFOLDING LIMITED - Analysis Report

Company Number: 13631990

Analysis Date: 2025-07-20 18:23 UTC

1. Credit Opinion: APPROVE with conditions.
   RB Access Scaffolding Limited demonstrates improving financial strength and positive net assets as of the latest accounts, indicating growing financial stability. However, as a micro-entity with a single employee and modest fixed assets, its scale and diversification are limited. Approval is recommended subject to ongoing monitoring of liquidity and contract stability given the sector's project-based nature and the company's young age.

2. Financial Strength:
   The company’s net assets have increased substantially from £6,967 at 30/09/2023 to £18,039 at 30/09/2024, reflecting positive retained earnings or capital injection. Total assets less current liabilities rose to £29,504 from £8,025, indicating improved solvency. Fixed assets decreased slightly but current assets increased significantly, supporting day-to-day operations. Long-term creditors decreased marginally but remain notable at £11,465. Overall, the balance sheet shows a strengthening capital base and increased equity, reducing financial risk.

3. Cash Flow Assessment:
   Current assets improved markedly to £12,338 from £1,687, while current liabilities decreased from £16,200 to an unspecified figure (creditors within one year are shown as zero in 2024 data, suggesting potential reclassification or settlement). This has resulted in net current assets of £12,338 versus a previous negative working capital position. Liquidity appears sufficient to meet short-term obligations. However, given only one employee and limited scale, cash flow is likely dependent on project inflows and payment terms from clients. Close attention to debtor collection and creditor payment cycles is essential.

4. Monitoring Points:

• Maintain regular review of working capital to ensure liquidity remains positive, especially given the project-based nature of scaffolding services.
• Monitor long-term liabilities to ensure they do not impair solvency.
• Track order book and contract pipeline to assess revenue stability and cash flow predictability.
• Observe the impact of any changes in management or ownership control, currently held by two directors with significant influence.
• Keep watch on employee numbers and operational scale for signs of sustainable growth or potential overstretch.