RICHARD HALLING TECH LTD

Executive Summary

Richard Halling Tech Ltd is a financially stable micro-entity with solid net asset growth and strong working capital, supporting its ability to meet short-term obligations. The company’s low leverage and compliance with statutory filings reduce credit risk. Approval is recommended with moderate exposure and ongoing monitoring of financial performance and sector conditions.

RICHARD HALLING TECH LTD - Analysis Report

Company Number: 14306471

Analysis Date: 2025-07-20 16:56 UTC

1. Credit Opinion: APPROVE
   Richard Halling Tech Ltd demonstrates a sound financial position for a micro-entity with improving net assets and working capital. The company is active, complies with filing deadlines, and shows growth in net current assets and shareholders’ funds, indicating adequate capacity to meet short-term obligations. Absence of debt beyond current liabilities and no overdue filings reduce credit risk. However, given its micro category and limited operating history (since 2022), credit exposure should be moderate and reviewed periodically.

2. Financial Strength:
   The company’s net assets increased significantly from £4,159 in 2023 to £13,152 in 2024, reflecting retained earnings or capital injections. Fixed assets remain minimal (£819 in 2024), which is typical for a service business classified in support activities to performing arts. Current assets rose to £18,091 with current liabilities decreasing to £5,308, resulting in a strong net current asset position of £12,783. The balance sheet shows a conservative structure with no long-term liabilities reported, indicating low financial leverage.

3. Cash Flow Assessment:
   The company’s working capital position is healthy, suggesting adequate liquidity to cover short-term liabilities. The increase in net current assets year-on-year implies improved operational cash flow or better management of receivables and payables. The accounts do not provide a cash flow statement, but given the micro-entity status and positive net asset growth, liquidity risk appears low. The presence of a single employee (the director) suggests limited payroll commitments, further supporting stable cash flow.

4. Monitoring Points:

• Continued improvement or stability in net current assets and shareholders’ funds on subsequent filings
• Operating profitability trends, given the absence of detailed profit and loss data
• Any changes in director or ownership that might affect management quality or control
• Timely filing of future accounts and confirmation statements to maintain compliance
• Potential impact of sector-specific risks in the performing arts support industry, particularly due to economic fluctuations or event cancellations