RIVETT TECHNOLOGIES LTD

Executive Summary

Rivett Technologies Ltd is a recently established micro-entity with a sound initial financial position characterized by positive net current assets and shareholders’ funds. While operating history is minimal, liquidity appears adequate for current obligations and governance is centralized under a single experienced director. Credit approval is recommended with routine monitoring of financial performance and compliance filings.

RIVETT TECHNOLOGIES LTD - Analysis Report

Company Number: 14836734

Analysis Date: 2025-07-29 15:17 UTC

1. Credit Opinion: APPROVE - Rivett Technologies Ltd is a newly incorporated micro-entity with its first financial statements filed. The company's small scale and micro-entity status imply limited operational complexity and risk. The absence of overdue filings and the director's full control indicate sound governance. Although trading history is minimal, the company shows a positive net asset position and working capital surplus, suggesting capability to meet short-term liabilities. Therefore, credit facilities may be cautiously approved with standard monitoring.

2. Financial Strength: The balance sheet as of 31 May 2024 shows current assets of £17,030 against current liabilities of £10,119 resulting in net current assets (working capital) of £6,911. There are no long-term liabilities reported, and net assets equal £6,911, which is wholly represented by shareholders’ funds. The company has no fixed assets and no employees, consistent with a start-up or service-oriented business. Overall, the financial position is modest but stable with no signs of financial distress.

3. Cash Flow Assessment: Current assets primarily consist of cash or equivalents given the lack of employees and fixed assets, indicating decent liquidity to cover short-term obligations. Net current assets of £6,911 provide a buffer for working capital needs. However, the company’s cash flow history and profitability cannot yet be assessed due to the limited operating period and absence of detailed profit and loss data. Liquidity appears sufficient at this early stage.

4. Monitoring Points:

• Monitor the company’s filing of subsequent annual accounts and confirmation statements to ensure ongoing compliance and transparency.
• Track growth in turnover and profitability as trading activity develops to assess sustainability and debt servicing capacity.
• Review working capital trends and any changes in liabilities to avoid liquidity strain.
• Observe any changes in ownership or directorship that could impact management quality.