TK DEV LTD

Executive Summary

TK Dev Ltd is a newly established micro private limited company with a modest but positive net asset position and working capital surplus. While its financial footing appears stable at inception, the lack of trading history and limited scale warrant a cautious credit approach. Approval is conditional on ongoing monitoring of financial performance and cash flow to confirm the company’s ability to service debt and sustain operations.

TK DEV LTD - Analysis Report

Company Number: 15259291

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

1. Credit Opinion: CONDITIONAL APPROVAL TK Dev Ltd is a newly incorporated micro-entity with its first financial year ending November 2024. The company shows a positive net asset position with shareholders’ funds of £21,291 and net current assets of £11,600. However, the company is at an early stage of operations with only one employee (the director), limited trading history, and no audited accounts. The company’s ability to service debt is unproven, and its financial resilience in economic downturns is uncertain. Credit approval should be conditional on receipt of updated trading performance and cash flow forecasts, along with monitoring of timely filing of future accounts and confirmation statements.

2. Financial Strength: The balance sheet shows modest fixed assets (£9,691) and current assets (£21,302) against current liabilities of £9,702, resulting in positive net current assets. Shareholders’ funds equal total assets less current liabilities at £21,291, indicating no long-term liabilities at this stage. The financial position is sound for a micro-entity, but the scale is small, limiting financial strength. No indication of gearing or historic profitability is available due to start-up status.

3. Cash Flow Assessment: Current assets exceed current liabilities by £11,600, reflecting positive working capital. This indicates an ability to meet short-term obligations as of the balance sheet date. However, cash flow details are not provided, and given the early stage of the company, cash generation capacity and sustainability are unknown. Close attention to cash flow statements and debtor collection will be necessary as trading develops.

4. Monitoring Points:

• Review next annual accounts and cash flow statements for evidence of profitable trading and liquidity.
• Monitor filing deadlines to ensure ongoing compliance.
• Track changes in current liabilities and any new borrowing that may affect liquidity.
• Assess the director’s management approach and any additional capital injections or shareholder support.
• Evaluate customer and supplier payment performance to identify any emerging credit risk.