THEO CONSTRUCTION UTILITIES LTD

Executive Summary

THEO CONSTRUCTION UTILITIES LTD is a very young and small-scale business with modest net asset growth but short-term liquidity constraints evidenced by negative working capital. The company’s improved cash position is encouraging, but the limited financial history and size mean lending is recommended only on a conditional basis with close monitoring of cash flow and contract pipeline. Continued focus on working capital management and business growth will be critical to support credit facilities going forward.