Company Number: 13478797

Analysis Date: 2025-07-29 15:53 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Service on Demand Ltd is a micro private limited company with modest but improving net assets and working capital. The company exhibits a positive trend in liquidity and equity, indicating cautious financial management. However, the absolute monetary values are low, reflecting a very small scale operation with limited financial buffer. Approval for credit facilities should be conditional on continued positive cash flow and monitoring of working capital to ensure obligations can be met.

2. Financial Strength:
   The balance sheet shows net current assets of £1,484 as of June 2024, up from £112 the prior year, and shareholders’ funds increased from £112 to £1,484. Current assets (£9,861) exceed current liabilities (£8,377), yielding a positive working capital position. The company holds no fixed assets reported, relying solely on current assets. The growth in equity and working capital suggests gradual strengthening. However, the overall scale remains very small, limiting financial resilience.

3. Cash Flow Assessment:
   The company has maintained positive net current assets and a small but improving liquidity buffer. With only one employee on average and minimal liabilities, cash flow demands appear manageable. The increase in net current assets implies effective management of receivables, payables, or cash balances. There is no audit, so detailed cash flow data is not available, but the balance sheet position supports short-term debt servicing capability. Close attention should be paid to any fluctuations in current liabilities or cash inflows.

4. Monitoring Points:

• Continued improvement or stability in net current assets and shareholders’ funds.
• Timely filing of accounts and confirmation statements to avoid regulatory penalties.
• Any material changes in director or shareholder structure, especially since control rests solely with one individual.
• Cash flow trends and working capital cycle given the very small scale of operations.
• Potential growth or contraction in business activity, especially as the company is newly formed (2021) and in a relatively undefined service sector (SIC 96090).