Company Number: SC684911

Analysis Date: 2025-07-29 20:22 UTC

1. Credit Opinion: APPROVE
   THE GGW LTD shows a solid net asset position of £44,115 as at 31 January 2024, up from near zero in prior years. The company has positive net current assets of £44,361 indicating comfortable short-term liquidity. There are no audit concerns as the accounts comply with micro-entity reporting exemptions, and filings are up to date with no overdue returns. The sole director and 75-100% shareholder, Miss Jacqueline Marie Fraser, appears to maintain sound control and governance. Although the company is small and recently incorporated (2021), its financial trajectory is positive with a meaningful build-up of net assets and working capital. This supports the ability to meet debt obligations. The company operates in tax consultancy, a professional service sector typically less volatile and with steady cash flows. No adverse director conduct or financial distress indicators are evident.

2. Financial Strength:
   The balance sheet at 31 January 2024 shows fixed assets of £1,199 and current assets of £75,704 against current liabilities of £31,343 and long-term liabilities of £1,099. This results in net current assets (working capital) of £44,361 and total net assets of £44,115. The equity base has grown substantially from £1 in 2023, reflecting retained profits or capital injections. The leverage is minimal, and the company holds a strong equity cushion relative to liabilities. This indicates good financial stability for a micro entity.

3. Cash Flow Assessment:
   Current assets predominantly consist of cash or receivables sufficient to cover current liabilities almost 2.5 times over, which suggests healthy liquidity. With no employees and limited fixed assets, operating cash requirements are likely modest. The absence of overdue filings or creditors' pressure supports an effective working capital cycle. There are no off-balance-sheet liabilities disclosed. Overall, cash flow risk appears low and manageable for current operations.

4. Monitoring Points:

• Continued growth in net assets and working capital to confirm positive financial trajectory.
• Timely filing of next accounts and confirmation statements to ensure compliance.
• Monitor any changes in director ownership or control that might impact governance.
• Watch for any emerging long-term liabilities or creditor concentrations.
• Assess impact of any market or regulatory changes in the tax consultancy sector on revenue and cash flow.