Company Number: 13514175

Analysis Date: 2025-07-29 16:43 UTC

1. Credit Opinion: APPROVE – Securus Technical Limited demonstrates a stable financial position with positive net current assets and no long-term liabilities. The company operates as a micro-entity with modest turnover and minimal fixed assets, indicating a low-risk credit profile for limited lending exposure. The single director is also the sole owner, which simplifies accountability and control. However, the company is relatively young and shows limited asset growth, so credit facilities should be sized conservatively.

2. Financial Strength: The balance sheet shows steady net current assets of approximately £33,700 as of 31 July 2024, slightly down from £35,148 the previous year, with no fixed assets or long-term liabilities. Shareholders’ funds equal net assets, reflecting no external debt. The company has minimal capital (£100 share capital) and limited financial leverage. Overall, the financial strength is adequate for small-scale credit but lacks significant asset backing for large credit lines.

3. Cash Flow Assessment: Current assets are primarily cash or equivalents and receivables, with current liabilities under £5,000, supporting positive working capital of £33,729. This provides a comfortable liquidity buffer to meet short-term obligations. The absence of fixed assets reduces liquidity risk, and no accruals or deferred income was reported. The company’s cash flow appears sufficient to service short-term debt; however, detailed profit and loss or cash flow statements are not provided for deeper analysis.

4. Monitoring Points:

• Monitor year-on-year changes in net current assets and liquidity to detect any deterioration.
• Track operating cash flows and profitability once P&L data becomes available for comprehensive credit assessment.
• Watch for any increases in liabilities or changes in ownership/control structure.
• Monitor filing compliance and timely submission of future accounts and confirmation statements.
• Assess credit needs relative to company growth and expansion plans, given currently limited asset base.