Company Number: 13538320

Analysis Date: 2025-07-20 14:01 UTC

1. Credit Opinion: APPROVE
   TORBOCK LTD demonstrates a stable financial position with net assets increasing modestly from £20,684 in 2023 to £22,446 in 2024. The company maintains a strong net current asset position, indicating adequate short-term liquidity to meet obligations. There are no overdue filings or indications of financial distress. The sole director and controlling shareholder shows continuity in management. Given its micro-entity status and positive net asset trend, the company is considered creditworthy for modest facilities, though credit limits should align with its scale and industry risks.

2. Financial Strength:
   The balance sheet shows incremental growth in fixed assets (£2,444 to £3,886) and a reduction in current assets (£28,623 to £21,763) with a significant decrease in current liabilities from £10,383 to £3,203, resulting in net current assets improving slightly to £18,560. Shareholders’ funds have increased, reflecting retained earnings or capital injections. The company carries no long-term liabilities reported, indicating a conservative capital structure with no apparent financial gearing.

3. Cash Flow Assessment:
   The company’s strong net current asset position suggests good working capital management, though current assets declined notably. The reduction in current liabilities is positive, lowering short-term repayment burdens. However, the drop in current assets warrants monitoring to ensure liquidity is not impaired. The company reported zero employees in the latest period, possibly indicating minimal operating expenses, which may support liquidity but also suggests limited operational scale.

4. Monitoring Points:

• Continued maintenance of positive net current assets and net asset growth.
• Monitoring any significant changes in current assets and liabilities that could impact liquidity.
• Assess operational cash flow generation once trading scales up beyond zero employees.
• Watch for changes in director or ownership that could affect governance or financial stewardship.
• Industry risks in advertising agencies (SIC 73110) including client retention and market competition.