Company Number: 13816389

Analysis Date: 2025-07-29 16:03 UTC

1. Credit Opinion: APPROVE
   TS Paediatrics Limited demonstrates a healthy micro-entity financial profile with positive net assets and net current assets. The company is active, not in liquidation, and has timely filed its accounts and confirmation statement. The single director and 100% owner, a consultant paediatrician, indicates focused management with relevant expertise. The absence of audit requirements and small scale operations limit detailed profitability insight, but the balance sheet strength supports credit approval for modest facilities.

2. Financial Strength
   The balance sheet shows stable and improving net assets: £40,380 at 31/12/2023 versus £27,128 at 31/12/2022, evidencing growth in equity. Current assets (£63,856) comfortably exceed current liabilities (£22,946), yielding strong positive working capital (£40,910). Fixed assets are minimal (£391), consistent with a service-oriented medical practice. No long-term debt is apparent, indicating low financial leverage and limited risk exposure.

3. Cash Flow Assessment
   Current assets primarily reflect cash or near-cash balances and receivables, sufficient to cover short-term liabilities with a current ratio approximately 2.8x. The company’s net current assets improvement suggests enhanced liquidity and working capital management. The average employee count is one (the director), indicating low operational overheads. Absence of large payables or accruals further supports stable liquidity.

4. Monitoring Points

• Monitor timely filing of next accounts and confirmation statements to ensure ongoing compliance.
• Watch for any increase in liabilities or changes in working capital that may stress liquidity.
• Assess any changes in ownership or director status given sole control by one individual.
• Given limited financial disclosure, request management accounts or cash flow forecasts if credit exposure increases.