Company Number: 14056206

Analysis Date: 2025-07-20 17:00 UTC

1. Credit Opinion: APPROVE
   Tile Media Ltd demonstrates solid financial health for a micro-entity within its first two years of trading. The company maintains a strong net asset position, positive working capital, and no overdue filings, indicating sound management and compliance. Given the stable liquidity and equity growth, the company is considered low credit risk for standard lending facilities at this stage.

2. Financial Strength:
   The balance sheet shows net assets of £52,280 as of 30 April 2024, increasing from £33,737 in 2023, indicating capital growth. Fixed assets are modest (£14,476), appropriate for its industry (specialist photography and video production). Current assets (£49,220) well exceed current liabilities (£10,816), resulting in a strong net current asset position (£38,404). Shareholders’ funds fully cover the net assets, reflecting no external debt or long-term liabilities. Overall, the company’s balance sheet is healthy with a conservative capital structure.

3. Cash Flow Assessment:
   Current assets mainly consist of cash and receivables, with working capital comfortably positive. The low current liabilities and accruals (£600) suggest limited short-term obligations. The company employs only two staff members, supporting manageable overheads. While detailed cash flow statements are not provided, the stable working capital and absence of significant creditors imply adequate liquidity to service operating expenses and any modest credit facilities.

4. Monitoring Points:

• Monitor revenue growth and profit margins as the company matures beyond micro-entity status.
• Watch for changes in current liabilities or increased borrowing that may affect liquidity.
• Review director’s management decisions and any changes in ownership/control given sole control by Mr. Bryant.
• Ensure timely filing of future accounts and confirmation statements to maintain compliance and transparency.
• Keep an eye on industry trends in specialist photography and video production, which can be sensitive to economic cycles or technological shifts.