Company Number: 13501732

Analysis Date: 2025-07-29 18:05 UTC

1. Credit Opinion: APPROVE
   SJT-L LIMITED demonstrates a sound financial position with a positive net asset base and strong working capital for a micro-sized construction company. The balance sheet shows steady growth in net assets and current assets, suggesting improving financial health. The directors appear stable and experienced, with no indications of governance or legal issues. Given the company’s active status, clean filing history, and adequate liquidity, the company is capable of meeting debt obligations. Approval is recommended for credit facilities within reasonable limits aligned with its micro company scale.

2. Financial Strength:

• The total net assets increased from £51,330 (2023) to £57,813 (2024), showing growth of approximately 13%.
• Fixed assets are modest (£4,250), reflecting the nature of the business rather than capital intensity.
• Current assets have grown from £51,330 to £59,722, mainly cash or receivables, with current liabilities at a low £6,159.
• Net current assets (working capital) are strong at £53,563, indicating good short-term financial stability.
• Shareholders’ funds are fully positive, with no evidence of accumulated losses.
• The company employs 2 people, consistent with micro company status, limiting overhead risk.

3. Cash Flow Assessment:

• The company maintains a healthy liquidity position with net current assets significantly exceeding current liabilities.
• There is no indication of overdue payables or filing issues, implying good financial discipline.
• The stable increase in current assets suggests positive cash inflows and sound working capital management.
• Absence of detailed profit and loss data limits full cash flow analysis, but the balance sheet strength implies manageable cash flows.

4. Monitoring Points:

• Monitor turnover and profitability once full P&L data is available to confirm ongoing earnings to support debt servicing.
• Track any increases in current liabilities or fixed assets that may strain liquidity.
• Observe any changes in director appointments or control structure that could impact governance.
• Watch for changes in industry conditions affecting construction demand, which could affect revenue stability.