Company Number: 14662053

Analysis Date: 2025-07-20 16:26 UTC

1. Credit Opinion: APPROVE with conditions. Spectrum Assessments Limited is a newly incorporated private limited company (incorporated February 2023) operating in the "Other human health activities" sector. The company shows a positive net current asset position and positive shareholders' funds. However, the company is very young with only one set of accounts filed and minimal operational history. Approval is recommended but with monitoring of ongoing trading performance and updated financial information to confirm stable cash flow and profitability.

2. Financial Strength: The balance sheet as of 28 February 2024 shows current assets of £39,649, including cash of £29,754 and debtors of £9,895. Current liabilities stand at £22,209, resulting in net current assets of £17,440. Net assets and shareholders' funds are also £17,440, reflecting a small but positive equity base. The company has a modest capital base (£10 share capital) and retained profits of approximately £17,430. There are no fixed assets reported. Overall, the financial position is stable for a start-up with no immediate solvency concerns, but asset scale is limited.

3. Cash Flow Assessment: The company holds a healthy cash balance (£29,754) relative to current liabilities (£22,209), indicating adequate liquidity to meet short-term obligations. Positive net current assets suggest working capital is sufficient to support ongoing operations. Debtors of £9,895 imply revenue generation, though the scale is small. Without longer historical data or profit and loss details, it is not possible to fully assess cash flow trends or operational cash generation. Continued monitoring of cash flow statements is advised.

4. Monitoring Points:

   • Future trading performance and revenue growth, to ensure sustainability beyond the start-up phase.
   • Timely filing of future accounts and confirmation statements to maintain compliance.
   • Evolution of working capital metrics and cash balances to detect any liquidity pressures.
   • Any changes in director or ownership structure, given sole control by Miss Helena Fenton.
   • Impact of sector-specific risks in health activities on business resilience.