Company Number: OC437195

Analysis Date: 2025-07-29 20:04 UTC

1. Credit Opinion: APPROVE
   Roca Abode LLP demonstrates strong financial stability and asset backing. The company holds significant fixed assets primarily in investment properties valued at approximately £1.82 million, which have appreciated year-on-year, indicating asset growth. With net assets increasing from £1.76 million in 2023 to £2.08 million in 2024, the company’s equity base is solid. Current liabilities are low (£1,489), and net current assets remain positive, supporting short-term liquidity. There is no indication of overdue filings or director issues. The company’s ability to service debt appears sound given asset strength and prudent liabilities.

2. Financial Strength:
   The balance sheet shows a strong fixed asset base, increasing by over £350k in the last financial year, reflecting investment property appreciation and possible acquisitions. The company carries no long-term liabilities reported, and net assets amount to £2.08 million, up from £1.76 million, showing growth in shareholder equity. Current assets are modest (£5,687 cash), but current liabilities are minimal (£1,489), resulting in positive working capital of £4,198. The company maintains a clean capital structure with no apparent gearing, implying low financial risk.

3. Cash Flow Assessment:
   Although the reported cash balance is low (£5,687), current liabilities are also minimal, suggesting manageable short-term obligations. The company’s operations do not employ staff (average employees NIL), indicating low operational cash outflows. The absence of debtors in 2024 (previous year had £31,500) might indicate improved cash collection or changes in business activities. The LLP’s liquidity position is adequate for current obligations, but monitoring cash generation and working capital fluctuations is advisable.

4. Monitoring Points:

• Cash reserves remain low relative to fixed assets; monitor liquidity and operational cash flow closely to ensure short-term commitments are met without asset liquidation.
• Investment property valuations are a key asset driver; monitor property market conditions for potential volatility impacting asset values and collateral quality.
• Absence of profit and loss data in filings (due to exemption) limits insight into profitability; request supplementary management accounts or cash flow statements to assess operational performance and debt servicing capacity.
• Continue monitoring timely filing compliance and director conduct for any changes that could impact governance or credit standing.