Company Number: 12437790

Analysis Date: 2025-07-29 20:31 UTC

1. Credit Opinion: APPROVE

Integrated Bros Ltd demonstrates adequate financial stability for credit extension. The company operates in residential care for elderly and disabled persons, a sector with steady demand. Their net assets and working capital are positive and improving, indicating capacity to meet short-term obligations. No overdue filings or signs of distress are noted. Directors have maintained consistent oversight since incorporation in 2020. While the company remains small-scale (micro entity), its sound balance sheet and liquidity position support creditworthiness for typical SME lending.

2. Financial Strength:

• Net assets have increased from £19,338 in 2023 to £26,144 in 2024, showing retained earnings growth and equity strengthening.
• Fixed assets are minimal (£1,002), consistent with a service business model.
• Current assets (£35,238) comfortably exceed current liabilities (£5,823), yielding a strong net current asset position (£34,122).
• Accruals and deferred income have reduced significantly from £17,135 to £8,980, reflecting improved revenue recognition and cash flow matching.
• Share capital is nominal (£100), typical for micro-entities, but shareholders’ funds are healthy relative to liabilities.

3. Cash Flow Assessment:

• The company maintains a robust liquidity buffer, with current assets greatly exceeding current liabilities.
• Net current assets and working capital remain stable year-over-year.
• The average number of employees is 9, indicating manageable payroll obligations.
• No off-balance sheet liabilities are disclosed, reducing hidden risk.
• The company’s ongoing operations and positive cash flow generation capacity appear sufficient to service debt and operational expenses.

4. Monitoring Points:

• Continue to monitor net current assets and liquidity ratios, ensuring working capital remains positive.
• Watch for changes in accruals and deferred income balances, as these impact cash flow timing.
• Review any significant changes in employee numbers or fixed assets that may affect cost structure.
• Track sector-specific risks, such as regulatory changes in care provision, which could affect revenue.
• Observe any director changes or PSC disclosures for governance alterations.