Company Number: 15219784

Analysis Date: 2025-07-29 12:28 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   SUPER-FIX PM LTD is a recently incorporated micro-entity with limited trading history, which inherently increases credit risk due to the absence of financial track record and operational history. The current financials show a negative working capital position (£-8,682), indicating short-term liquidity pressure. However, the company is active, has no overdue filings, and directors have significant ownership and control, suggesting committed management. Credit approval is recommended with conditions including close monitoring of liquidity, timely financial updates, and possible personal guarantees or collateral to mitigate risk.

2. Financial Strength:
   The balance sheet as of 31 October 2024 reports fixed assets of £17,600 and current assets of £9,744 against current liabilities of £18,426, resulting in net current liabilities of £8,682. After accounting for non-current liabilities of £2,530, net assets stand at £6,388. The positive net asset position reflects some capital buffer, but the negative working capital signals potential cash flow challenges. The company’s small scale (2 employees) and micro-entity status limit financial complexity but also revenue diversification.

3. Cash Flow Assessment:
   Current liabilities exceed current assets, evidencing a working capital deficit that could constrain day-to-day operations and the ability to meet short-term obligations. Without a cash flow statement, it is unclear how the company manages liquidity, but the negative net current assets position suggests reliance on either director funding or external financing to cover immediate liabilities. The absence of off-balance-sheet liabilities and no employee-related contingencies are positive, but cash flow monitoring is critical.

4. Monitoring Points:

• Liquidity ratios (current ratio and quick ratio) to track improvements or deterioration in working capital.
• Timely submission of next annual accounts and confirmation statements to ensure ongoing compliance.
• Changes in debt structure, especially short-term vs long-term liabilities.
• Business development indicators such as turnover growth once available.
• Directors’ conduct and any changes in ownership or control that may affect governance and credit risk.