Company Number: 12861966

Analysis Date: 2025-07-29 18:27 UTC

1. Credit Opinion: APPROVE. VAO FS LTD is a micro-entity operating in the real estate sector with a stable and improving financial position. The company has demonstrated consistent growth in net assets over the last four years, indicating sound financial management and a strengthening balance sheet. There are no indications of financial distress or irregularities, and all filings are up to date.

2. Financial Strength: The company’s net assets have grown from £10,585 in 2021 to £41,962 in 2024, showing a positive trajectory. Current assets have increased significantly to £45,400 by 2024, while current liabilities remain low at £3,439, resulting in strong net current assets of £41,961. This suggests a healthy balance sheet with a strong equity base and limited short-term debt obligations, typical for a micro-entity in property trading.

3. Cash Flow Assessment: Liquidity appears robust with high net current assets relative to current liabilities, indicating good working capital management. The company’s ability to maintain a positive working capital position through consistent increases in current assets provides confidence in its capacity to meet short-term obligations without liquidity strain. However, detailed cash flow statements are not provided, so ongoing monitoring of cash inflows and outflows is recommended.

4. Monitoring Points:

• Monitor receivables and payables turnover to ensure continued liquidity.
• Watch for any increase in current liabilities that could pressure working capital.
• Review subsequent financial periods for sustained asset growth and profitability.
• Confirm that the company maintains compliance with filing deadlines and regulatory requirements.
• Track industry and market conditions in the real estate sector that could affect asset valuations.