Company Number: 13123227

Analysis Date: 2025-07-20 13:03 UTC

1. Credit Opinion: APPROVE with conditions. Tedfred Digital Limited demonstrates positive growth in net assets and working capital over the last three years, indicating improving financial health and capacity to meet short-term obligations. However, as a micro-entity with limited financial disclosure and no profit and loss details filed, the credit risk is moderate. Approval is recommended with the condition of regular monitoring of updated accounts and cash flow to ensure continued positive performance.

2. Financial Strength: The company’s balance sheet shows a steady increase in net assets from £-3,183 in 2021 to £15,194 in 2025, driven mainly by growth in current assets and controlled current liabilities. The net current assets (working capital) position improved significantly to £15,994 in 2025, providing a cushion for short-term liabilities. The company holds no significant fixed assets, indicating a light asset base typical for a digital media firm. The absence of long-term liabilities suggests a low gearing level, which supports financial stability.

3. Cash Flow Assessment: Current assets primarily consist of cash, receivables, and prepayments, which increased substantially year-over-year, implying improved liquidity. The current liabilities remain manageable without signs of strain. The positive net current assets position suggests sufficient working capital to cover operational needs and short-term debts. However, the lack of filed profit and loss statements limits insight into operational cash generation and profitability, warranting caution.

4. Monitoring Points:

• Timely submission of full financial statements including profit and loss for deeper profitability analysis.
• Regular monitoring of liquidity ratios and working capital trends.
• Watch for any changes in director or shareholder control that might affect management stability.
• Monitor industry trends in television programming and broadcasting that could impact revenue streams.
• Review any emerging credit exposures or overdue payables.