T&B SONS LIMITED

Executive Summary

T&B Sons Limited has shown a modest recovery in net assets and working capital in the latest year but remains a small micro-entity with limited financial strength and liquidity. Credit approval is recommended on a conditional basis with emphasis on close monitoring of cash flow and financial performance going forward. The company’s scale and sole director control present inherent risks that must be managed carefully.

T&B SONS LIMITED - Analysis Report

Company Number: 12618828

Analysis Date: 2025-07-20 16:50 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   T&B Sons Limited is a micro-entity operating in the take-away food sector, showing a modest positive turnaround in net assets in its latest financial year after previous years of negative net working capital. The company is small, with limited financial resources and a sole controlling director, which suggests a higher risk profile. Approval is recommended subject to close monitoring of cash flow and trading performance due to limited liquidity and small net asset base.

2. Financial Strength:
   The company’s net assets have improved from a negative £209 in 2023 to a positive £866 in 2024, indicating a slight recovery. Current assets stand at £2,974 against current liabilities of £2,108, providing a small positive net working capital of £866. However, the absolute figures are low, and the company’s capital base remains minimal. There are no fixed assets reported, signaling reliance on current assets and likely limited collateral for lending.

3. Cash Flow Assessment:
   With current assets primarily comprising cash and receivables totalling less than £3,000, liquidity is tight. The net current asset position has improved but remains marginal, which could constrain the company’s ability to absorb unexpected expenses or delays in receivables. The small scale of operations and absence of an income statement limit visibility on operating cash flow, but the positive movement in net assets suggests some improvement in financial control.

4. Monitoring Points:

• Track cash flow monthly to ensure ongoing liquidity and ability to meet short-term obligations.
• Review next annual accounts to verify continuation of positive net asset trend.
• Monitor director’s financial conduct and any changes in ownership or control due to sole director status.
• Watch the company’s ability to grow turnover and profit margins to build stronger equity and working capital buffers.