Company Number: 13258227

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

1. Credit Opinion: CONDITIONAL APPROVAL
   STORE IT MALDON LIMITED has demonstrated a positive turnaround in its financial position over the last two years, moving from net current liabilities and negative net assets in 2021 to a healthy net current asset position of £18,063 and net assets of £46,064 in 2024. However, the company is relatively new (incorporated in 2021) and has no employees, indicating a small scale of operations. The director loan of £27,748, unpaid and interest-free but repayable on demand, signals reliance on related-party funding, which may affect liquidity if external financing is required. Given the improving balance sheet but limited operating scale and working capital tied to director loans, credit approval should be conditional on monitoring cash flow stability and timely servicing of obligations.

2. Financial Strength:
   The company’s balance sheet shows steady improvement. Tangible fixed assets stand at £34,569, slightly depreciated from £39,391 the previous year, indicating investment continuity. Current assets, mainly cash (£39,050) and debtors (£8,203), comfortably exceed current liabilities (£29,190), yielding positive net current assets and a strong working capital position. Shareholders’ funds have increased significantly to £46,064, reflecting retained earnings growth. No long-term liabilities are reported, but director loans (£27,748) exist as non-interest-bearing, demand-payable liabilities. Overall, the financial position is stable but still reliant on director funding.

3. Cash Flow Assessment:
   Cash balances have increased from £33,606 in 2023 to £39,050 in 2024, showing an improving liquidity position. Debtors are modest, and trade creditors are low (£1,437), suggesting effective management of payables. The significant reduction in current liabilities from £64,513 to £29,190 over the last year improves short-term liquidity risk. However, the company employs no staff and has limited operational scale, which may constrain cash inflows. The unpaid director loan indicates potential liquidity cushions but also a liability payable on demand, which necessitates close cash flow monitoring.

4. Monitoring Points:

• Cash flow trends and cash conversion cycle to ensure liquidity remains sufficient for operational needs and debt servicing.
• Timely repayment or restructuring of director loans, as this is a significant liability payable on demand.
• Continued growth in net assets and retention of profits to strengthen equity base.
• Any changes in operating scale, employee headcount, or contract wins that impact revenue and cash inflows.
• Compliance with filing deadlines and absence of creditor pressure or delayed payments.