Company Number: 13485057

Analysis Date: 2025-07-19 12:32 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Rocket Wallaby Limited is a very small, micro-entity company with a short trading history since incorporation in mid-2021. The company shows improvement in net current assets from near break-even positions in prior years to a modest positive working capital of £5,463 in the most recent financial year ending June 2024. The absence of long-term liabilities and clean balance sheet is positive. However, the low absolute asset and equity base, minimal scale of operations (only one employee), and limited financial disclosures restrict credit risk appetite. Approval can be considered for modest credit facilities with conditions such as short tenor, regular financial monitoring, and limits tied to working capital coverage.

2. Financial Strength:
   The company’s balance sheet reflects a micro-entity scale with total net assets of £5,463 as of June 2024, up from £19 the prior year. Current assets mainly comprise cash and receivables, with current liabilities well covered. There are no fixed assets or long-term debt, which limits leverage risk but also indicates limited collateral value. Shareholders’ funds are modest but positive, showing a small retained surplus. Overall, the financial position is stable but lacks depth, typical for a start-up retail business operating via internet sales.

3. Cash Flow Assessment:
   Net current assets increased significantly from £19 to £5,463, indicating improved liquidity and working capital management. The company has no overdue filings, suggesting good compliance and operational discipline. The small scale means cash flow volatility risk exists, but the positive net working capital indicates the company can meet short-term obligations. Regular cash flow monitoring is advised due to limited financial buffers.

4. Monitoring Points:

• Track future profitability and cash flow trends to ensure continued improvement in net working capital.
• Review any increase in liabilities or fixed assets that could impact liquidity or leverage.
• Monitor director conduct and any changes in control or ownership.
• Watch for timely filing of annual accounts and confirmation statements to maintain good compliance record.
• Assess the impact of market conditions on the internet retail sector and company sales performance.