Company Number: 14692286

Analysis Date: 2025-07-29 12:03 UTC

1. Credit Opinion: APPROVE
   Tottenham Hale Osteopaths Ltd demonstrates a solid financial position for a start-up micro entity, with improving net assets and positive working capital. The company is active, has filed accounts on time, and is solely controlled by a single director with full ownership, indicating clear accountability. No adverse filing or director conduct issues are present. The business operates in a stable sector of human health activities, which generally shows steady demand. While limited financial history restricts deep trend analysis, current financials suggest the company can service credit obligations adequately.

2. Financial Strength:
   The company’s balance sheet as of 28 February 2025 shows net assets of £12,485, nearly doubling from £6,332 in the prior year. Fixed assets are minimal (£262), consistent with the nature of the business. Current assets have increased from £8,691 to £14,643, while current liabilities have slightly decreased to £2,420, resulting in a strong net current asset position of £12,223. This healthy working capital base indicates good short-term financial resilience. Equity funding from the sole shareholder supports the balance sheet strength.

3. Cash Flow Assessment:
   Current assets consist primarily of cash or equivalents and receivables, supporting liquidity needs. The net current assets figure comfortably covers short-term liabilities, indicating no immediate liquidity concerns. The company employs one person, suggesting low fixed costs and manageable operating expenses. However, as a young micro company, cash flows should continue to be monitored for consistency, particularly as it scales or if credit facilities are utilized.

4. Monitoring Points:

• Track ongoing profitability and cash flow statements once available to confirm sustainable earnings and liquidity.
• Monitor receivables and payables turnover to detect any collection or payment delays that could impair cash flow.
• Watch for changes in director or ownership structure that could affect governance or credit risk profile.
• Ensure continued timely filing of accounts and confirmation statements to avoid compliance risks.
• Assess any external economic or sector-specific trends affecting demand for osteopathy services.