Company Number: 13677363

Analysis Date: 2025-07-20 14:19 UTC

1. Credit Opinion: APPROVE. Sum Surveying Limited demonstrates a solid financial position with steadily increasing net current assets and shareholders’ funds over the past three years. The company is active, compliant with filing deadlines, and has a single, experienced director who also holds full control of the company. The business operates in quantity surveying, a professional service sector with stable demand. There are no indications of financial distress or governance concerns. The company’s ability to manage liabilities and generate retained earnings supports its capacity to service debt and honor commercial agreements.

2. Financial Strength: The balance sheet shows improving net current assets from £9,211 (2021) to £24,194 (2024), reflecting good working capital management. Shareholders’ funds have increased from £9,995 to £24,194, indicating retained profits and an expanding equity base. Fixed assets are minimal and fully depreciated, consistent with the company’s service-oriented nature. Current liabilities remain moderate relative to cash balances, with tax and VAT creditors making up the majority. Overall, the company’s financial position is stable, with no long-term borrowings disclosed, suggesting low financial risk.

3. Cash Flow Assessment: Cash at bank increased from £19,768 (2021) to £43,091 (2024), demonstrating healthy liquidity. The company maintains positive net current assets, with cash balances comfortably exceeding current liabilities of £18,897. This liquidity profile indicates the company can meet short-term obligations promptly. The working capital position is sound, and there is evidence of profit generation (£53,985 profit in 2024) and dividend payments, which suggests effective cash generation and distribution policies.

4. Monitoring Points:

• Monitor tax liabilities and ensure timely settlement as tax creditors form a significant portion of current liabilities.
• Track cash flow closely to maintain liquidity given the company’s micro/small size and single director dependency.
• Observe any changes in turnover or profitability since income statements are not publicly filed.
• Watch for any director changes or ownership structure shifts that could impact governance or control.
• Review future filings for signs of increased borrowing or deterioration in working capital.