Company Number: 15076712

Analysis Date: 2025-07-20 14:57 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Roadshow Digital Limited is a newly incorporated micro-entity (since August 2023) with minimal trading history and limited financial data. The company shows a marginally positive net current asset position (£201) and shareholders’ funds of the same amount, indicating a very thin capital base. Given the early stage of operations, limited financial scale, and current liquidity constraints, credit approval should be conditional on close monitoring of trading performance and cash flow development. The directors’ commitment is evidenced by shareholder loans, which were interest-free and repaid promptly, demonstrating some financial support and sound stewardship.

2. Financial Strength:
   The balance sheet reflects a very small scale operation with current assets of £14,595 offset by current liabilities of £14,394, leaving net current assets of £201. Total assets less current liabilities equal shareholders’ funds of £201. There are no fixed assets recorded, and the company’s capital base is minimal. The micro-entity status imposes simplified reporting, but also limits insight into profitability and reserves. The financial position is fragile, typical for a startup, and does not provide a strong buffer against adverse events.

3. Cash Flow Assessment:
   The near break-even net current asset position indicates tight liquidity. The company’s cash flow appears reliant on directors’ advances and timely settlement of liabilities. The directors advanced £5,557 interest-free during the period, which was repaid within nine months post year-end, suggesting disciplined cash management. However, with only two employees on average and limited assets, working capital is constrained. Future liquidity will depend heavily on successful revenue generation and effective working capital management.

4. Monitoring Points:

• Trading and profitability trends in subsequent reporting periods to confirm business viability and growth trajectory.
• Cash flow statements and bank balances to ensure ongoing liquidity and ability to meet short-term obligations.
• Directors’ continued financial support or external funding sources as backup for working capital needs.
• Timely filing of annual accounts and confirmation statements to maintain compliance and transparency.
• Any material changes in control or business strategy that could affect credit risk.