TIMES SQUARE TROWBRIDGE (FMC) LIMITED

Executive Summary

Times Square Trowbridge (FMC) Limited is an early-stage micro-entity with a modest but stable financial position and positive working capital. While credit exposure should be limited due to low turnover and minimal financial data, the company shows incremental asset growth and no apparent liabilities. Conditional approval is recommended for low-risk facilities with ongoing monitoring of liquidity and operational development.

TIMES SQUARE TROWBRIDGE (FMC) LIMITED - Analysis Report

Company Number: 13889586

Analysis Date: 2025-07-20 18:36 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Times Square Trowbridge (FMC) Limited is a very young micro-entity operating in residents property management. It has a modest but positive net asset base (£2,500) and increased net current assets, indicating some incremental growth and a clean balance sheet free of long-term liabilities. However, the company has no employees and minimal financial substance, reflecting limited operational scale and revenue generation. Given its nature as a private company limited by guarantee with no share capital, and the absence of audited accounts or profit & loss data, credit exposure should be limited and carefully monitored. Approval is conditional on low-risk, short-term credit facilities with close scrutiny of cash flows and operational progress.

2. Financial Strength:
   The balance sheet shows a small but positive net asset position improving from £1,460 in 2023 to £2,500 in 2024. Current assets rose from £1,460 to £3,693, and net current assets increased accordingly. There are no fixed assets or significant liabilities reported, indicating a very lean structure. The company benefits from modest accruals and deferred income (£1,193) but no long-term debt. Shareholders’ funds equal net assets, consistent with the no-share capital structure. Overall, the financial position is stable but minimal, typical of an early-stage micro entity.

3. Cash Flow Assessment:
   Current assets are primarily cash or equivalents given the lack of detailed disclosures, and net current assets are positive, suggesting liquidity is adequate to cover immediate liabilities. However, the absence of employees and limited turnover imply cash inflows may be uncertain or dependent on members’ contributions or service fees. The lack of profit and loss accounts limits insight into operational cash generation. Working capital is positive but very small in absolute terms, indicating thin liquidity buffers. Continuous monitoring of cash receipts and payments is essential.

4. Monitoring Points:

• Regular review of updated financials for growth in assets, income, and profitability.
• Watch for timely filing of accounts and confirmation statements to ensure compliance.
• Monitor cash flow statements if available in future filings to assess operational liquidity.
• Track any changes in directors or significant control that might affect governance or credit risk.
• Assess operational development and whether the company moves beyond minimal scale.