RUTLAND SECURITY LTD

Executive Summary

Rutland Security Ltd is an active micro-entity with minimal financial resources and a sharply reduced net asset base over the last year. While it maintains statutory compliance, its extremely limited working capital and equity position constrain credit capacity and financial resilience. Credit can be extended on a conditional basis with close monitoring of liquidity and operational performance going forward.

RUTLAND SECURITY LTD - Analysis Report

Company Number: 13952694

Analysis Date: 2025-07-29 20:43 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Rutland Security Ltd is a very small (micro-entity) private limited company operating in the construction installation sector. The company is active and has filed accounts on time, indicating compliance and basic governance. However, the significant decline in net current assets from £6,442 in FY 2023 to only £128 in FY 2024 raises concerns about the company’s ability to comfortably service new or increased credit facilities without further cash flow strain. The limited scale of operations (one employee) and low asset base suggest limited financial resilience. Credit approval could be considered with conditions such as limits on exposure, short tenor, or requiring updated management accounts to monitor liquidity.

2. Financial Strength:
   The balance sheet is extremely thin. Current assets are roughly matched by current liabilities in FY 2024, resulting in negligible net working capital (£128), a steep decline from the prior year. No fixed assets or long-term investments are reported, and net assets have fallen from £6,442 to £128 in one year, indicating erosion of equity. Shareholders’ funds have similarly declined, implying losses or withdrawals. The company’s micro size and minimal capital base imply low financial strength and vulnerability to adverse events or unexpected expenses.

3. Cash Flow Assessment:
   The near break-even net current asset position suggests very limited liquidity buffer. With current liabilities almost equal to current assets, cash tied up in receivables or inventory must be efficiently managed to avoid shortfalls. The single employee structure may keep overheads low, but limited working capital restricts operational flexibility. The company’s ability to generate positive operating cash flow or withstand payment delays is likely constrained.

4. Monitoring Points:

• Net current assets and liquidity trends in subsequent accounting periods.
• Timeliness and completeness of statutory filings (accounts and confirmation statements).
• Any changes in ownership or director appointments affecting control or governance.
• Development of operating profit and cash flow from trading activities.
• Debtor and creditor aging profiles if available.
• Impact of external economic conditions on the construction installation sector.