Company Number: 14633049

Analysis Date: 2025-07-20 15:29 UTC

1. Credit Opinion: APPROVE with caution. UK Structural Examinations Ltd is a newly incorporated micro-entity (incorporated Feb 2023) with limited financial history and modest scale. The company shows positive net assets and working capital, which supports short-term liquidity. Directors appear actively involved with no adverse records. However, the small size, limited operating history, and director loan balance indicate some exposure to risk. Lending should be modest with monitoring on performance and cash flow.

2. Financial Strength: The balance sheet as of 29 February 2024 shows fixed assets of £2,900 and current assets of £10,589 against current liabilities of £7,482, yielding net current assets (working capital) of £3,192. After accruals and deferred income of £3,250, net assets stand at £2,842, reflecting a positive equity position relative to the company's size. The company has no long-term liabilities reported, which reduces leverage risk. Overall, the financial position is stable but limited in scale.

3. Cash Flow Assessment: Current assets exceed current liabilities, providing a positive working capital buffer. The company has a director loan receivable of £3,634, which carries interest at 2%, indicating some internal financing support. With only 2 employees and micro-entity status, operating costs are likely manageable. However, the absence of profit and loss detail restricts a full assessment of operating cash flow generation. Cash flow should be carefully monitored as the business grows.

4. Monitoring Points:

• Track profitability and cash flow generation in upcoming periods to ensure sustainable debt servicing.
• Monitor the director loan for repayment or changes, as it impacts liquidity.
• Watch for any increase in current liabilities or overdue payments.
• Review any changes in ownership or control that could affect governance.
• Keep an eye on contract wins or sector risks in civil engineering construction, which can be cyclical.