Company Number: 14062592

Analysis Date: 2025-07-19 12:12 UTC

1. Credit Opinion: APPROVE with conditions. Super Slim Glazing Ltd is a young but active private limited company operating in the glazing and metal doors/windows manufacturing industry. The company shows positive net assets and working capital, indicating a sound balance sheet. However, a slight decline in net assets and net current assets from 2023 to 2024 suggests cautious monitoring is warranted. The company appears capable of meeting short-term obligations but lending should be structured with standard covenants and periodic financial reviews due to its relatively recent establishment.

2. Financial Strength: The company’s net assets stand at £134,124 as of April 2024, down from £155,836 the previous year, primarily due to amortization and depreciation charges. Fixed assets have decreased from £118,270 to £91,693, reflecting ongoing wear and asset usage. Current assets (£190,200) exceed current liabilities (£108,431), yielding net current assets of £81,769, which supports liquidity. Long-term obligations under finance leases have reduced from £37,381 to £22,487, improving solvency. Overall, the balance sheet remains healthy for a small business, but the decline in equity and asset base should be watched.

3. Cash Flow Assessment: Cash reserves are stable, at approximately £64,787, similar to the prior year, demonstrating consistent liquidity. Trade debtors are substantial (£81,372), representing a significant portion of current assets. Efficient debtor management will be critical to maintain cash flow. Current liabilities mainly comprise trade creditors and finance lease obligations. The positive net working capital of £81,769 suggests the company can fund day-to-day operations without liquidity strain. No evidence of overdue filings or financial distress is noted.

4. Monitoring Points:

• Net assets and equity trends: Watch for further erosion which may indicate operational challenges.
• Debtor collection periods and credit control effectiveness to safeguard cash flow.
• Lease obligations and their impact on cash outflows.
• Profitability metrics once full profit and loss information is available.
• Any changes in director or shareholder structure given single director and controlling shareholder status.
• Market conditions affecting glazing and metal fabrication sectors.