THERMTEK WATER SOLUTIONS LTD

Executive Summary

Thermtek Water Solutions Ltd, a micro private limited company active since 2021, shows a stable balance sheet with positive net current assets and a strong equity base. The company’s liquidity improved over the last year, supporting its capability to meet short-term obligations. Conditional credit approval is recommended with a focus on ongoing cash flow monitoring and compliance with filing requirements.

THERMTEK WATER SOLUTIONS LTD - Analysis Report

Company Number: 13756241

Analysis Date: 2025-07-29 19:49 UTC

1. Credit Opinion: APPROVE with conditions
   Thermtek Water Solutions Ltd demonstrates a stable financial position with positive net assets and net current assets as of the latest year-end, indicating an ability to meet short-term liabilities. The company is relatively young but shows improvement in working capital management compared to the prior year. However, given the limited financial history and micro-entity status, approval should be conditional on continued monitoring of cash flow and timely filing of accounts and confirmation statements.

2. Financial Strength:
   The balance sheet shows net assets of £14,437 as of 30 November 2024, consistent with the prior year (£14,558). Fixed assets decreased moderately from £18,104 to £14,544, which may reflect asset disposals or depreciation. Current assets stand at £5,538 against current liabilities of £5,153, resulting in positive net current assets of £973. This is an improvement from the previous years where net current liabilities were reported. Shareholders’ funds represent 100% of net assets, indicating no external debt financing and a strong equity base.

3. Cash Flow Assessment:
   The company’s liquidity position improved with net current assets turning positive, suggesting that Thermtek Water Solutions Ltd has more readily available assets than short-term liabilities. Current liabilities decreased significantly from £10,629 in 2023 to £5,153 in 2024. However, current assets also declined from £7,443 to £5,538, so cash flow management should be carefully reviewed. The absence of detailed profit and loss accounts limits deeper assessment of operating cash flows, so ongoing cash flow monitoring is recommended.

4. Monitoring Points:

• Maintain positive net current assets and closely track working capital trends.
• Monitor any changes in fixed assets and their impact on operational capacity.
• Confirm that all statutory filings remain up to date to avoid penalties or compliance risk.
• Keep watch on the single director’s conduct and business continuity given the small size and owner dependence.
• Request future profit and loss statements to assess profitability and cash generation capacity.