SURVEY 1ST UK LTD

Executive Summary

Survey 1st UK Ltd is a young but financially stable engineering consultancy with strong liquidity and growing net assets. The company shows prudent financial management with no significant debt risk, supporting a positive credit decision. Ongoing monitoring of debtor levels and tax liabilities is advised to maintain financial health.

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Company Analysis

This analysis is opinion only and should not be interpreted as financial advice.

SURVEY 1ST UK LTD - Analysis Report

Company Number: 13828147

Analysis Date: 2025-07-29 18:57 UTC

  1. Credit Opinion: APPROVE
    Survey 1st UK Ltd demonstrates a solid financial position for a company incorporated in 2022. The latest accounts show positive net assets (£26,440) and strong net current assets (£23,232), indicating good short-term liquidity. Cash on hand (£23,766) covers nearly twice the current liabilities (£12,402), reflecting comfortable liquidity. The company’s debt is mainly trade creditors and tax liabilities, with no significant long-term debt risks noted. The director’s loan account balance is modest and repayable on demand, presenting minimal risk. Overall, the company appears capable of meeting its financial obligations and servicing credit facilities without undue stress.

  2. Financial Strength:
    The balance sheet is healthy for a micro-sized business, with net assets rising from £20,376 to £26,440 in the latest year, showing growth in retained earnings. Fixed assets are modest (£3,961) but sufficient for operational needs and show prudent capital investment. There is no indication of overdraft or bank borrowing, reducing financial risk. Deferred tax liabilities are minor (£753) and expected for timing differences. The capital structure is straightforward with a small equity base (£100 share capital) and accumulated profits supporting shareholder funds. The company shows controlled growth with no excessive leverage.

  3. Cash Flow Assessment:
    Cash reserves of £23,766 provide strong liquidity relative to current liabilities of £12,402, resulting in a current ratio of approximately 2.9, which is robust. The reduction in debtors from £36,253 to £11,868 suggests improved collection or lower sales; however, cash remains sufficient to cover liabilities. Working capital is solid, with net current assets increasing year-over-year (£23,232 vs £18,039). The director’s loan of £1,697 is repayable on demand, offering flexibility. Overall, the company’s cash flow position supports ongoing operations and credit repayment capacity.

  4. Monitoring Points:

  • Monitor debtor collection closely, as the significant drop from prior year may indicate changing sales or credit terms.
  • Keep watch on tax liabilities (£5,817 corporation tax and £4,573 VAT), ensuring timely payment to avoid penalties.
  • Review director’s loan account movements to ensure no undue exposure or repayment delays.
  • Observe operational cash flow trends as the company grows, to confirm sustained liquidity.
  • Track turnover and profitability as detailed P&L data is not available in these accounts, to assess business trajectory.

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