Company Number: 13920431

Analysis Date: 2025-07-29 12:09 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   TWP Consulting Ltd demonstrates ongoing operations with active directors and timely filings. However, the company shows recurring net current liabilities, indicating short-term liquidity pressure. The balance sheet equity is minimal (£300), and reliance on director advances suggests limited external funding or cash resources. Approval is conditional on careful monitoring of cash flow and working capital management, with stronger liquidity needed for unsecured credit facilities.

2. Financial Strength:
   The company is classified as a micro-entity with total fixed assets of £2,228 and current assets increasing to £37,478 as of 31 March 2024. Despite this, current liabilities of £39,406 exceed current assets, resulting in net current liabilities of £1,928. Shareholders’ funds remain nominal at £300, unchanged over recent years, indicating no retained earnings or capital injections. The balance sheet is weak with minimal net assets and high dependence on director loans, which currently total £20,879. The financial position reflects a start-up or early-stage company with limited capital buffer.

3. Cash Flow Assessment:
   Current liabilities surpass current assets, reflecting a working capital deficit, which raises concerns about the company’s ability to meet short-term obligations without further director funding or external finance. The company’s liquidity is supported primarily through advances from directors that have been partially repaid but still represent a significant liability. The absence of audit and limited disclosures restrict visibility into operational cash flows, but the negative working capital and reliance on director credit lines indicate tight cash flow conditions.

4. Monitoring Points:

• Working capital position and trends in current assets vs. current liabilities.
• Director loan balances and any repayments or additional advances.
• Timeliness of future accounts filings and any changes in shareholders’ funds or equity.
• Revenue growth and profitability indicators (not provided here but important for future assessments).
• Any changes in management or director control, especially given the recent resignation of one director.
• External financing or credit facility applications and usage.