SIAN WINDOWS & SHUTTERS LIMITED

Executive Summary

Sian Windows & Shutters Limited is a micro-sized start-up with a modest net asset base and manageable short-term liquidity but carries significant long-term liabilities relative to equity. Credit approval is recommended on a conditional basis, pending further evidence of trading viability and cash flow stability. Ongoing monitoring should focus on financial compliance, leverage, and operational cash flow development.

SIAN WINDOWS & SHUTTERS LIMITED - Analysis Report

Company Number: 15163699

Analysis Date: 2025-07-20 18:16 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Sian Windows & Shutters Limited is a newly incorporated micro-entity with limited operating history (incorporated in September 2023). The financials as of the first reporting period (September 2024) show a positive net asset position but also a significant long-term creditor balance relative to equity. Given the micro size and lack of historical cash flow data, credit approval should be conditional on additional assurances such as personal guarantees or monitoring of trading performance. The company’s control is concentrated with a single director/owner, which simplifies governance but also concentrates risk.

2. Financial Strength:
   The balance sheet highlights total fixed assets of £2,250 and current assets of £22,366. After deducting current liabilities of £2,511, net current assets are £19,855. However, there is a notable long-term creditor liability of £18,157, reducing net assets to £3,948. Shareholder funds are relatively modest, reflecting the company's start-up stage and micro status. The presence of long-term liabilities exceeding equity signals moderate leverage, which is typical for start-ups but warrants caution.

3. Cash Flow Assessment:
   Current assets exceed current liabilities, indicating a positive working capital position that supports short-term liquidity. The absence of employees and audit exemption suggests limited operational complexity so far. However, the lack of detailed cash flow statements and profit & loss data limits the ability to assess ongoing cash generation capability. Monitoring cash inflows from sales and managing creditor terms will be critical.

4. Monitoring Points:

• Track timely filing of next accounts and confirmation statements to ensure compliance.
• Monitor changes in creditor balances, especially the long-term liabilities, to assess leverage trends.
• Review cash flow statements and profitability once available to confirm operational viability.
• Observe any changes in ownership or director appointments that might affect governance.
• Watch for evidence of business growth beyond the initial start-up phase, such as employee hiring or asset acquisitions.