Company Number: 13261143

Analysis Date: 2025-07-29 15:39 UTC

1. Credit Opinion:
   CONDITIONAL APPROVAL. Simply Bespoke Ltd is a micro private limited company operating in the manufacture of builders’ carpentry and joinery. The company is relatively new (incorporated in 2021) and currently controlled entirely by one director/shareholder. The most recent accounts indicate a modest net asset position of £668 but a negative net working capital of £1,911, evidencing liquidity strain. The company’s ability to meet short-term obligations is currently challenged, increasing credit risk. However, no overdue filings or insolvency indicators exist, and the director has kept compliance timely. Credit can be extended with conditions: close monitoring of cash flows and working capital, and potentially secured or limited exposure until liquidity improves.

2. Financial Strength:
   The balance sheet shows very low fixed assets (£2,579) and declining current assets from £11,937 in 2023 to £6,548 in 2024. Current liabilities have decreased but remain higher than current assets, resulting in negative net current assets (£-1,911). Net assets have modestly improved from £251 to £668, still very low, indicating minimal equity buffer. The company is thinly capitalised with only £1 share capital and accumulated reserves of £668. This weak financial structure limits resilience against shocks or downturns.

3. Cash Flow Assessment:
   The negative net current assets indicate working capital deficiency, suggesting potential difficulties in meeting short-term liabilities as they fall due. The reduction in current assets, particularly cash or equivalents, signals tighter liquidity compared to prior year. No detailed cash flow statement is provided, but the balance sheet implies constrained operational cash flow and possible reliance on director funding or external support for day-to-day operations.

4. Monitoring Points:

• Liquidity trends: monitor current assets and liabilities quarterly for signs of improvement or further deterioration.
• Timeliness of statutory filings and payments, maintaining compliance to avoid penalties or enforcement.
• Director’s financial support or injections that may affect credit risk.
• Profitability and cash generation once P&L data is available to assess sustainability.
• Any changes in ownership or management that may impact company control or strategy.