RESOLV ENGINEERING LTD

Executive Summary

RESOLV ENGINEERING LTD is a newly formed small engineering consultancy with a positive initial financial position showing modest net assets and working capital. Directors possess relevant expertise, and the company demonstrates potential to service credit obligations if it continues to grow revenue and maintain liquidity. Careful monitoring of financial performance and working capital will be essential given its start-up status and limited trading history.

RESOLV ENGINEERING LTD - Analysis Report

Company Number: 15169490

Analysis Date: 2025-07-20 19:14 UTC

1. Credit Opinion: APPROVE with caution. RESOLV ENGINEERING LTD is a newly incorporated (September 2023) private limited company engaged in engineering-related scientific and technical consulting. The company shows a modest but positive net asset position and working capital surplus after its first full year of trading. Directors have relevant engineering and consultancy backgrounds, indicating appropriate management expertise. However, given the company’s early stage, limited trading history, and relatively small asset base, credit exposure should be moderate and reviewed regularly.

2. Financial Strength: The company’s balance sheet as at 30 September 2024 shows fixed assets of £2,594 and current assets of £95,494 against current liabilities of £85,171, resulting in net current assets of £10,323 and net assets of £12,917. This indicates a positive equity position and working capital buffer, though on a small scale consistent with micro-entity classification. Capital and reserves equal net assets, reflecting no accumulated losses and initial shareholder investment. The financial structure appears sound but limited in scale, typical of a start-up SME.

3. Cash Flow Assessment: Current assets primarily comprise cash and receivables (exact composition not specified), sufficient to cover current liabilities with a modest headroom (£10.3k). The net current asset position suggests adequate short-term liquidity to meet obligations. The company employs 3 staff on average, consistent with its micro-entity size. No historic cash flow statements are available, so ongoing liquidity management and cash generation from operations will need monitoring as the business grows.

4. Monitoring Points:

• Track the company’s revenue growth and profitability once trading results are available in future filings.
• Monitor working capital trends to ensure liquidity remains positive as liabilities increase.
• Review director conduct and any changes in ownership/control to assess governance stability.
• Evaluate the impact of economic conditions on engineering consultancy demand and contract performance.
• Confirm timely submission of next accounts and confirmation statements to avoid compliance risks.