Company Number: 13111410

Analysis Date: 2025-07-20 14:29 UTC

1. Credit Opinion: CONDITIONAL APPROVAL Super Sklep Ltd is an active private limited company operating in retail sales of non-specialised stores predominantly selling food and beverages. The company has been trading since 2021 and has filed accounts up to January 2024 on time, showing compliance with statutory obligations. However, its net liabilities position with negative shareholders’ funds indicates an ongoing accumulated loss. The company has a significant level of long-term creditors (£485,707) that exceeds its tangible and net current assets combined. The conditional approval would depend on obtaining satisfactory explanations and plans from management regarding how they intend to rectify the negative net worth and service their long-term liabilities. The presence of positive net current assets and improved liquidity provides some repayment capacity in the short term.

2. Financial Strength:

• Fixed assets stand at £219,983, relatively stable compared to prior year.
• Current assets decreased from £366,370 to £310,481 primarily due to a reduction in stock from £270,263 to £202,843.
• Cash has improved slightly from £20,754 to £28,264.
• Debtors increased marginally from £75,353 to £79,374.
• Current liabilities reduced from £269,921 to £179,377, improving working capital.
• Net current assets improved from £96,449 to £131,104, demonstrating better short-term liquidity.
• However, creditors due after one year increased from £459,242 to £485,707.
• Net assets remain negative at £-134,620, a slightly improved but still weak equity position.
• The company’s negative retained earnings (loss reserves) suggest persistent losses or write-downs.

3. Cash Flow Assessment:

• Cash on hand is modest but improving.
• The company’s net current assets position is positive and improving, indicating reasonable short-term liquidity to meet immediate obligations.
• The reduction in stock levels may improve conversion to cash.
• The increase in long-term creditors raises concerns about future liquidity if refinancing or repayments are not managed well.
• The company’s ability to generate operating cash flow sufficient to cover both short-term and long-term liabilities is uncertain based on provided data; further cash flow statements or management projections would be needed.
• No audit has been performed, so underlying financial controls and accuracy are unverified.

4. Monitoring Points:

• Watch the development of net assets and shareholders’ funds: moving from negative to positive would enhance creditworthiness.
• Monitor the company's ability to reduce or restructure long-term liabilities.
• Track turnover and profitability metrics once available to assess operational performance.
• Keep an eye on debtor days and stock turnover to ensure working capital efficiency.
• Review management’s strategies for loss recovery and sustainable cash flow generation.
• Confirm continued timely filing and compliance with statutory requirements.
• Monitor director changes and any potential impact on governance or financial management.