REMEDIAL SERVICES (NI) LTD

Executive Summary

REMEDIAL SERVICES (NI) LTD demonstrates improving financial health with growing net assets and enhanced liquidity, supported by prudent working capital management. Despite limited operational scale and a micro entity status, the company appears capable of meeting short-term obligations with no immediate credit concerns. Continued monitoring of liabilities and operational expansion is advised to maintain credit viability.

REMEDIAL SERVICES (NI) LTD - Analysis Report

Company Number: NI677623

Analysis Date: 2025-07-20 11:26 UTC

1. Credit Opinion: APPROVE with low to moderate risk.

Reasoning: REMEDIAL SERVICES (NI) LTD is a micro-sized private limited company in specialised construction activities, active since 2021. The company has shown a positive trend in net assets, growing from £902 in 2023 to £8,945 in 2024, indicating improving financial health and reserves. The net current assets increased significantly, reflecting better working capital management. There are no overdue filings, and no signs of financial distress or liquidation. However, as a micro entity with limited operating history and no employees reported, the scale and operational robustness remain limited, suggesting moderate caution.

2. Financial Strength:

• Net assets improved substantially from £902 (2023) to £8,945 (2024), a nearly tenfold increase.
• Net current assets rose from £1,338 to £10,832, indicating improved liquidity and operational funding.
• Provisions for liabilities increased but remain modest (£1,887 in 2024), manageable relative to assets.
• Share capital is nominal (£2), typical for micro businesses; shareholder funds represent retained earnings.
• No fixed assets reported, current assets mostly cash/debtors, which supports short-term obligations.
• Overall balance sheet shows strengthening equity and liquidity, but limited asset base and no long-term assets.

3. Cash Flow Assessment:

• Current assets to current liabilities ratio improved from approximately 1.06 to 1.33, indicating enhanced short-term liquidity.
• Net current asset growth suggests better working capital management or increased cash/bank balances.
• No employees recorded, implying low operating overhead and limited cash outflows.
• Lack of detailed cash flow statement limits full assessment, but balance sheet indicators suggest adequate liquidity to meet short-term commitments.
• Provisions for liabilities increased, so monitoring cash coverage for these is recommended.

4. Monitoring Points:

• Continued growth in net assets and working capital to confirm sustainable financial improvement.
• Watch for increases in provisions or liabilities that might strain liquidity.
• Monitor operational scale and employee engagement as the company grows, as this will impact cash flow needs.
• Ensure timely filing of accounts and confirmation statements to avoid compliance risk.
• Track management changes (recent director appointment) for stability and continuity.