Company Number: 13115521

Analysis Date: 2025-07-20 13:31 UTC

1. Credit Opinion: APPROVE
   Spiral Galaxy Limited demonstrates a strong and improving financial position with growing net current assets and net assets over the last three years. The company maintains a positive working capital and the director is also the sole significant controller, indicating clear management oversight. No overdue filings or indications of financial distress are noted. Given the company’s micro category and stable financial growth, it is creditworthy for modest credit facilities.

2. Financial Strength:
   The balance sheet shows steady improvement: net assets increased from £43,387 in 2021 to £337,640 in 2024, with net current assets growing from £43,387 to £337,640 over the same period. Current assets more than doubled from £241,629 in 2023 to £543,010 in 2024, while current liabilities also increased but at a lower rate, maintaining a healthy net working capital position. Shareholders’ funds fully support the asset base, indicating no reliance on external debt. The company operates with minimal fixed assets, typical for its SIC classification (agents specialized in sales). The financial structure is strong for a micro-entity, with no apparent gearing or liquidity risks.

3. Cash Flow Assessment:
   While detailed cash flow data is unavailable, the substantial increase in current assets, mainly cash or equivalents, and a strong net current asset position suggest good liquidity. The company’s working capital of £337,640 is ample to cover short-term liabilities of £205,370, indicating sound short-term financial health and ability to meet operational and credit obligations. The single employee structure and micro account status imply low fixed costs, further supporting positive cash flow dynamics.

4. Monitoring Points:

• Maintain close observation of current liabilities growth relative to current assets to ensure working capital remains positive.
• Monitor any changes in ownership or director conduct that may affect governance or credit risk.
• Track future filings and financial statements for sustained profitability and cash flow generation beyond asset growth.
• Watch for business scaling beyond micro-category thresholds which may change reporting and credit risk profile.