Company Number: 15163213

Analysis Date: 2025-07-20 18:54 UTC

1. Credit Opinion: Decline. T J Whittaker Builders Ltd is a newly incorporated micro-entity with its first financial year ending September 2024. The company shows net liabilities of £4,081 and negative working capital of £7,981, indicating that current liabilities significantly exceed current assets. This weak financial position raises concerns about its ability to service debt or meet short-term obligations. Given the lack of financial history and the net liability position, the company currently does not demonstrate sufficient financial strength or cash flow stability to support credit facilities.

2. Financial Strength: The balance sheet reflects a fragile financial position. Fixed assets are minimal (£3,900), and current assets are only £2,000 against almost £10,000 in current liabilities. Net assets and shareholders’ funds are negative by £4,081, showing that the company is technically insolvent at the snapshot date. This is not unusual for a start-up in its first year, but it signals the company is reliant on external funding or shareholder support to continue operations.

3. Cash Flow Assessment: The negative net current assets position (-£7,981) indicates working capital deficiency, suggesting insufficient liquidity to cover short-term liabilities. Cash balances are not explicitly disclosed but current assets are low, so cash flow is likely tight. Without positive operating cash flow or capital injection, the company may struggle to meet its immediate financial commitments.

4. Monitoring Points:

• Monitor next accounts to assess if the company achieves profitability and improves net assets.
• Watch working capital and cash flow trends, especially current assets vs. current liabilities.
• Review any new borrowings or shareholder funding to support operations.
• Track director’s ongoing financial commitment and management of liquidity.
• Assess industry conditions in specialised construction activities and their impact on the company’s trading prospects.