SAS INTERIORS LTD

Executive Summary

SAS Interiors Ltd is a micro-entity with a weak financial position characterized by negative working capital and minimal equity. The company’s current liquidity constraints and absence of trading history present a high credit risk, warranting a decline of credit facilities at this stage. Close monitoring of financial improvements and operational performance is recommended before reconsidering credit support.

SAS INTERIORS LTD - Analysis Report

Company Number: 14617283

Analysis Date: 2025-07-29 19:13 UTC

1. Credit Opinion: DECLINE. SAS Interiors Ltd is a newly incorporated micro-entity with minimal trading history and very limited financial resources. The company’s balance sheet as of 31 January 2024 shows net current liabilities of £12,336 and net assets of only £212, indicating a fragile financial position with negative working capital. This weak liquidity profile and lack of accumulated profits or reserves suggest limited ability to meet short-term obligations or service any new debt. Without a track record of profitability or stronger financial buffers, the risk of default is elevated. The single director is also the sole shareholder, which limits external governance oversight.

2. Financial Strength: The company’s total fixed assets of £12,548 are modest, reflecting limited investment in long-term resources. Current assets of £5,347 are insufficient to cover current liabilities of £17,683, resulting in a negative net working capital position of -£12,336. The net assets and shareholders’ funds stand at a negligible £212, indicating very limited equity capital. Overall, the balance sheet is weak with a high reliance on short-term creditors and absence of financial strength to absorb shocks.

3. Cash Flow Assessment: With current liabilities far exceeding current assets, liquidity is constrained. The negative net current assets indicate potential difficulties in meeting day-to-day operational expenses and creditor payments. The absence of profit and loss data prevents detailed cash flow analysis, but the micro-entity status and small employee base imply limited cash generation capacity so far. Working capital management will be critical but is currently inadequate.

4. Monitoring Points:

• Improvement in net current assets and build-up of positive working capital.
• Evidence of consistent revenue generation and profitability in subsequent periods.
• Timely filing of accounts and confirmation statements to ensure compliance.
• Changes in ownership or appointment of additional directors to strengthen governance.
• Cash flow trends and ability to meet short-term liabilities as business scales.