Company Number: 13517006

Analysis Date: 2025-07-20 16:16 UTC

1. Credit Opinion: APPROVE

TASTIES N LTD demonstrates a stable financial position with positive net assets and consistent working capital over the past three years. Their net current assets increased to £2,395 in 2024, indicating adequate short-term liquidity to cover current liabilities. The company operates in the takeaway food sector, a generally resilient market, and shows steady net asset growth from £1,027 in 2021 to £2,994 in 2024. The director holds full ownership and appears to maintain control and oversight, with no adverse records noted. Given the micro-entity size and absence of overdue filings, the company shows sound financial stewardship and ability to meet obligations.

2. Financial Strength:

The balance sheet reflects a modest but solid equity base increasing from £1,027 in 2021 to nearly £3,000 in 2024. Fixed assets are minimal (£599 in 2024), appropriate for a take-away food business, and show slight depreciation or disposals from prior years. Current assets, primarily cash and receivables, remain sufficient to cover short-term liabilities, ensuring a net current asset position of £2,395. The company’s micro classification and small employee base (4 staff) suggest a lean operation with controlled overheads. Shareholders’ funds mirror net assets, indicating no unusual off-balance sheet liabilities.

3. Cash Flow Assessment:

Current assets reduced from £7,607 in 2023 to £4,741 in 2024, but current liabilities dropped more significantly from £5,435 to £2,346, improving net working capital. This indicates effective management of payables and receivables, enhancing liquidity. The positive net current assets position confirms the company’s ability to service short-term debts without strain. While cash flow details are not explicit, the stability in net assets and working capital implies dependable cash generation from operations.

4. Monitoring Points:

• Continued monitoring of current assets versus liabilities to ensure liquidity remains positive.
• Watch for any significant decreases in turnover or profitability, as micro entities can be vulnerable to market fluctuations.
• Confirm timely filing of future accounts and confirmation statements to avoid compliance risks.
• Monitor any changes in director or ownership structure which could impact governance or credit risk.
• Observe market conditions in the takeaway food sector for potential impacts on demand.