Company Number: NI695308

Analysis Date: 2025-07-20 19:06 UTC

Credit Opinion:
APPROVE with conditions. SDL Supplies Ltd is a newly incorporated micro-entity with a very limited financial history. The company shows a positive net current asset position and no overdue filings, indicating compliance and initial financial stability. However, lack of profit and operational data beyond a single accounting period and no employees suggest limited trading history and potential risk. Credit facilities should be modest and subject to review once more trading history and cash flow data are available.

Financial Strength:
As of 31 March 2024, SDL Supplies Ltd reported current assets of £18,053 against current liabilities of £13,937, yielding net current assets (working capital) of £4,116. Total assets less current liabilities equal net assets of £4,116, fully represented by shareholder funds. The balance sheet is simple and solvent but reflects minimal capital base due to recent incorporation. No fixed assets or long-term liabilities are reported, consistent with a start-up stage micro business.

Cash Flow Assessment:
Current assets likely include cash and receivables, but absence of detailed cash flow or profit and loss data limits assessment. Net current assets are positive but modest, indicating limited liquidity buffer. The company had no employees during the period, implying low operating costs but also potentially limited revenue generation. Ongoing monitoring of cash flow statements and bank balances is essential to confirm the ability to service any credit facilities.

Monitoring Points:

• Trading performance and profitability in subsequent accounting periods.
• Cash flow trends to ensure ongoing liquidity and working capital adequacy.
• Director’s ability to maintain compliance with filing deadlines and regulatory requirements.
• Any changes in ownership or control that might affect governance.
• Expansion of asset base or increase in liabilities indicating growth or increased risk.
• Credit exposure limits should be conservative until longer-term financial data is available.