Company Number: 14829747

Analysis Date: 2025-07-29 16:09 UTC

1. Credit Opinion: CONDITIONAL APPROVAL.
   Seiclo Clwyd Limited is a recently incorporated private limited company operating in the fitness facilities sector. The company has no history of defaults or overdue filings but is still in its infancy with limited financial data. The balance sheet shows positive net current assets and shareholders’ funds, indicating initial capital adequacy. However, the company's ability to generate consistent operating cash flows and profitability is unproven at this early stage. Credit should be extended with caution and subject to ongoing monitoring of financial performance and cash flow development.

2. Financial Strength:
   The company reported net assets of £14,798 as of 30 April 2024, entirely composed of working capital since there are no fixed assets listed. Current assets stand at £26,316, including £12,781 in cash and £7,387 in debtors, against current liabilities of £11,518. This results in a positive net working capital position of £14,798, which supports short-term liquidity. The capital structure is primarily equity funded with minimal liabilities, reflecting an early-stage business with limited financial leverage. The small share capital (£100) and retained earnings (£14,698) indicate initial funding and some early profitability or capital injection.

3. Cash Flow Assessment:
   Cash at bank (£12,781) covers approximately 111% of current liabilities (£11,518), suggesting the company currently holds sufficient liquid resources to meet short-term obligations. Debtors (£7,387) are moderate but should be monitored for collection efficiency. The company employs 2 staff on average, which is consistent with a micro-business scale. Without detailed profit and loss data or cash flow statements, it is difficult to assess operational cash generation, but the positive net working capital and cash buffer provide reasonable short-term liquidity comfort.

4. Monitoring Points:

• Track the company’s turnover growth and profitability once full accounts become available to ensure sustainable operations.
• Monitor debtor aging and cash collection to avoid liquidity strain.
• Watch for increases in liabilities or capital expenditure that may impact working capital.
• Observe director changes and any related party transactions, particularly given the recent resignation of one director who also holds significant ownership.
• Ensure timely filing of future accounts and confirmation statements to maintain good compliance standing.