Company Number: 14502696

Analysis Date: 2025-07-29 15:14 UTC

1. Credit Opinion: APPROVE – TEAMDDB CIC is a recently incorporated community interest company operating as a charity focused on bowel cancer awareness and support. Despite its young age and modest scale, it has demonstrated positive operating profitability in its first financial year with a clean balance sheet and no apparent liabilities beyond minor accruals. There is no history of overdue filings or director disqualifications. The company’s ability to generate a surplus and maintain positive net assets shows it can service minimal current liabilities and is not under financial distress. Given the nature of the entity (no share capital, limited by guarantee) and its charitable focus, credit risk is low for modest credit facilities supporting its ongoing operations.

2. Financial Strength: The balance sheet as of 30 November 2023 shows net assets of £8,853, consisting entirely of cash and no fixed assets or long-term liabilities. Current assets of £9,273 against current liabilities of only £420 yield a strong working capital position (£8,853 net current assets). The company has no debt and no external borrowings reported. The first year’s turnover was £13,726 with a gross profit of £9,284 and an operating profit of £8,853, indicating good cost control and effective fundraising. Overall, the financial position is sound but still very small scale, typical for a start-up charity organization.

3. Cash Flow Assessment: Cash of £9,273 fully covers current liabilities of £420, indicating very good liquidity and an ability to meet short-term obligations comfortably. The company’s operating profit suggests positive cash generation from fundraising activities. There is no indication of working capital strain or liquidity risk. Given the absence of debt and no reported capital expenditures, cash flow is straightforward and stable at this stage.

4. Monitoring Points:

• Growth in turnover and diversification of income sources to reduce dependency on fundraising events.
• Maintenance of positive operating margins as the company scales.
• Monitoring any increase in liabilities or commitments, particularly if credit facilities are extended.
• Continued compliance with all filing and statutory obligations to preserve good standing.
• Impact of changes in management, noting director turnover in late 2023, to ensure steady governance.