Company Number: SC753707

Analysis Date: 2025-07-29 15:42 UTC

1. Credit Opinion: APPROVE
   RDJ Waste Limited is a recently incorporated (Dec 2022) private limited company operating in the remediation and waste management sector. The company shows a positive net asset position and modest working capital, with no overdue filings or director concerns. Given the early stage of the business and small scale operations, credit approval is recommended with prudent limits and monitoring, as the company’s financial history is limited but currently stable.

2. Financial Strength
   The balance sheet at 31 December 2023 indicates total net assets of £18,227, driven primarily by tangible fixed assets of £18,000 (motor vehicles) and positive net current assets of £227. Shareholders’ funds of £18,127 reflect retained earnings, indicating initial profitability or capital injection. Current liabilities of £2,234 are covered by current assets of £2,461, showing a slight liquidity buffer but limited working capital. Overall, the company maintains a sound equity base relative to its size, with no indication of over-leverage.

3. Cash Flow Assessment
   Cash balance at year-end is £2,461, just sufficient to cover short-term liabilities of £2,234. The company has minimal working capital (£227), implying tight liquidity management is essential. With no reported employees and minimal operational scale to date, cash flow risk appears low but closely tied to ongoing business activity and timely receivables. The absence of detailed profit and loss data limits full cash flow analysis, but current data suggests adequate short-term liquidity to meet obligations.

4. Monitoring Points

• Track operational cash flow and working capital trends as business scales.
• Monitor timely payment of liabilities, especially taxation and social security obligations (£1,559 reported).
• Review annual accounts for profitability and cash generation beyond initial investment phase.
• Maintain oversight on director’s management and financial stewardship given single director control and early company life cycle.
• Watch for any material changes in asset composition or liabilities that could impact financial resilience.