Company Number: 13254383

Analysis Date: 2025-07-20 19:14 UTC

1. Credit Opinion: APPROVE

SDOP Ltd demonstrates a solid financial position with improving shareholders' funds and reduced current liabilities over the last year. The company maintains a healthy net current asset position and positive equity, reflecting prudent financial management. There are no indicators of distress such as overdue filings, liquidation, or director disqualifications. Directors include a finance manager, which supports sound oversight of financial affairs.

2. Financial Strength:

• Shareholders’ funds grew from £92.9k in 2023 to £117.3k in 2024, indicating retained earnings accumulation and business growth.
• Tangible fixed assets increased slightly to £45.8k, showing ongoing investment.
• Current assets remain robust at £109.7k, with cash representing the majority (£94.8k).
• Current liabilities decreased significantly from £87.9k to £38.3k, improving liquidity and reducing short-term risk.
• Net current assets rose from £55.9k to £71.5k, enhancing working capital strength.

3. Cash Flow Assessment:

• The company holds substantial cash balances relative to liabilities, with cash at £94.8k against current liabilities of £38.3k.
• Debtors are modest (£14.9k), suggesting limited credit risk exposure from customers.
• Working capital is healthy and improving, indicating the company can meet short-term obligations comfortably.
• No audit requirement is noted, but accounts are prepared under appropriate accounting standards with directors’ sign-off, showing compliance.

4. Monitoring Points:

• Continue to monitor the trend in current liabilities to ensure they do not increase sharply.
• Watch cash flow patterns for any significant reductions in cash reserves.
• Monitor debtor collection periods to avoid potential liquidity issues.
• Review turnover and profit trends once income statements become available to assess operational performance more deeply.
• Keep track of any changes in director appointments or financial management roles that might affect governance.