T AND A HOLDCO LIMITED

Executive Summary

T And A Holdco Limited demonstrates strong financial fundamentals with substantial property assets, solid cash reserves, and low liabilities. As a start-up entity with a clear ownership and governance structure, it presents low credit risk supported by a robust balance sheet and liquidity profile. Standard credit approval is recommended with routine monitoring of profitability progression and asset valuation.

T AND A HOLDCO LIMITED - Analysis Report

Company Number: 14673374

Analysis Date: 2025-07-29 14:04 UTC

1. Credit Opinion: APPROVE
   T And A Holdco Limited is a recently incorporated private limited company (Feb 2023) engaged in property letting and operation of own or leased real estate. The company has filed timely accounts with no overdue returns, indicating good compliance. The balance sheet reveals a strong equity base with significant investment property assets and a substantial cash position. The low current liabilities relative to current assets show strong short-term liquidity. The controlling party (T And A Property Management LLP) owns 75-100% and appoints directors, suggesting stable governance. Given the company's strong asset backing and liquidity, credit facilities can be approved with standard monitoring.

2. Financial Strength

• Total fixed assets of approximately £2.3 million comprising investment property (£1.6 million), fixed deposits (£700k), and tangible assets (£10k).
• Net current assets stand at £371k with cash of £446k, providing a healthy working capital buffer.
• Total creditors within one year are low at £75k, mostly amounts owed to group undertakings.
• Shareholders' funds total £2.7 million, reflecting a robust capital base with no indication of significant debt leverage.
• Retained earnings show a small deficit (£139k), likely due to start-up costs or initial period losses, which is acceptable for a new entity.

3. Cash Flow Assessment

• Cash at bank of £446k indicates strong liquidity to meet short-term obligations.
• Net current assets of £371k provide a comfortable working capital position.
• Current liabilities are minimal and mainly intra-group, suggesting no external creditor pressure.
• The company’s investment property and fixed deposits can be considered relatively liquid assets, supporting cash flow stability.
• No employees are recorded, implying low operational overheads and cash outflows.

4. Monitoring Points

• Monitor ongoing profitability and retained earnings growth once trading results are available beyond start-up phase.
• Watch for any increase in external borrowings or significant related party transactions that may affect liquidity or credit risk.
• Track any changes in property valuations or disposals that could impact asset backing.
• Ensure continued compliance with filing deadlines and regulatory requirements.
• Review director and ownership changes, especially given the close group structure.