THAMES DATA LABS LTD

Executive Summary

Thames Data Labs Ltd is a newly formed micro-entity with a clean but very modest balance sheet and no liabilities. While currently solvent with positive net current assets, the company’s early stage and absence of trading history warrant cautious credit exposure. Approval is recommended for limited credit facilities with close monitoring of cash flow and operational progress going forward.

THAMES DATA LABS LTD - Analysis Report

Company Number: 15245078

Analysis Date: 2025-07-29 19:27 UTC

1. Credit Opinion: APPROVE with caution. Thames Data Labs Ltd is a newly incorporated micro-entity (incorporated Oct 2023) with minimal financial history. The latest accounts show a positive net asset position and no liabilities, indicating a clean balance sheet. However, absence of fixed assets and limited current assets of £4,216 along with no reported revenues or profit figures suggest the company is at a very early stage of operations and may not yet generate sustainable cash flows to service debt independently. The single director and shareholder has full control, reducing risk of governance issues but also concentrating risk. Overall, credit approval is reasonable for low-risk, low-value credit facilities with ongoing monitoring.

2. Financial Strength: The balance sheet at 31 October 2024 shows:

• Fixed Assets: £0
• Current Assets: £4,216 (likely cash or receivables)
• Current Liabilities: £0
• Net Assets: £4,316
• Share Capital paid: £100 No debt or provisions are recorded. The company is solvent but very lightly capitalized with limited asset base. The positive net current assets imply no liquidity stress at this point, but the scale is very small, reflecting early company stage.

3. Cash Flow Assessment: No detailed cash flow statement is available, but current assets exceeding current liabilities by £4,216 suggests short-term liquidity is sufficient to meet immediate obligations. The company employs 1 person (the director) and presumably has minimal operating expenses so far. However, absence of revenues or trading results means cash flow sustainability is unproven. The company will need to demonstrate ongoing inflows or capital injections to maintain liquidity.

4. Monitoring Points:

• Revenue generation and profitability trends in the next 12 months.
• Working capital changes and any emerging liabilities.
• Director’s ability to inject funds or raise finance if required.
• Timely filing of future accounts and confirmation statements.
• Any changes in ownership or governance that could affect risk profile.