Company Number: 13244098

Analysis Date: 2025-07-29 14:55 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Saint Associates Limited is a micro private limited company with a short trading history since incorporation in March 2021. The company shows growth in fixed and current assets and net assets over the last two years, indicating some positive financial development. However, the presence of long-term creditors (£13,027) and accruals/deferred income (£7,776) on the 2024 balance sheet raises questions about the nature and timing of liabilities. The directors maintain interest-free loans to the company, but these are modest in amount. The company’s limited trading history and modest scale mean credit exposure should be cautious and subject to ongoing monitoring of cash flow and debt servicing capability. Approval is conditional on continued timely filing and evidence of stable cash flows.

2. Financial Strength:

• Fixed Assets increased significantly from £1,796 in 2023 to £22,080 in 2024, suggesting recent investment in long-term assets.
• Current assets have nearly doubled to £23,764, including prepayments and accrued income, indicating improved liquidity.
• Current liabilities increased to £14,759, with additional creditors due after one year (£13,027) and accruals/deferred income (£7,776), which suggests increased obligations but also possible deferred revenue or contractual arrangements.
• Shareholders’ funds improved to £11,167 in 2024 from £4,650 in 2023, reflecting accumulated profits and capital injection.
  Overall, the balance sheet shows growth and a positive equity position but with emerging longer-term liabilities to consider.

3. Cash Flow Assessment:

• The company’s cash at bank in 2023 was £3,107, with no explicit cash figure reported for 2024; current assets now include prepayments and accrued income, making direct cash analysis less clear.
• Net current assets position appears adequate (£23,764 current assets vs. £14,759 current liabilities), indicating working capital sufficiency to cover short-term debts.
• Directors’ loans are interest-free and relatively small (£2,733 total), reducing financial strain.
• The average employee count remains stable at 2, indicating controlled overheads.
  Liquidity seems manageable, but cash flow statements (not provided) would give fuller insight. Monitoring cash generation and creditor payment terms will be key.

4. Monitoring Points:

• Track the ageing and nature of creditors, especially the new long-term creditor balances and accruals/deferred income, to assess repayment risk and contractual commitments.
• Monitor cash flow statements for actual liquidity and ability to meet ongoing operational expenses without reliance on director loans.
• Ensure continued timely filing of accounts and confirmation statements to maintain transparency and regulatory compliance.
• Watch for any material changes in ownership or director appointments that could affect governance and control.
• Review profitability trends in future accounts to confirm that shareholder funds continue to grow and that the company is not relying excessively on external or director financing.