Company Number: 14669503

Analysis Date: 2025-07-29 14:16 UTC

1. Credit Opinion: APPROVE
   Vaux & Boswell Ltd exhibits a solid financial position given its short operating history since incorporation in early 2023. The company has grown net assets substantially from £33,847 in 2024 to £62,449 in 2025, indicating positive equity accumulation and prudent financial stewardship. Current liabilities are well covered by current assets, supporting good short-term liquidity. The directors hold significant ownership and management control, suggesting aligned interests and accountability. No adverse filings or overdue accounts were noted. The company operates in a generally resilient sector of takeaway food services, which tends to have steady demand. Overall, the risk of default appears low based on available data.

2. Financial Strength:
   The balance sheet shows a micro-entity with total net assets of £62,449 and shareholders’ funds equal to this amount, reflecting no external debt financing. Fixed assets are modest at £18,005, appropriate for a takeaway food business, while current assets are strong at £78,696, primarily cash and receivables. Current liabilities of £35,617 and accruals of £3,080 are moderate and well covered by working capital of £47,524. The doubling in net assets year-on-year signals profitability or capital injection, improving solvency and financial buffer. The absence of long-term liabilities reduces leverage risk.

3. Cash Flow Assessment:
   Current assets significantly exceed current liabilities, indicating good liquidity and an ability to meet short-term obligations without strain. The increase in prepayments and accrued income suggests some forward-looking payments or income recognition but does not impair liquidity. No overdrafts or short-term borrowings are evident, reducing interest and refinancing risk. Working capital management appears effective, supporting operational continuity and creditor confidence.

4. Monitoring Points:

• Continued growth in net assets and working capital to ensure resilience against potential sector volatility.
• Profitability metrics and cash flow statements as future accounts become available to confirm sustainable operating cash flow.
• Any changes in director ownership or governance that could impact financial control or strategic direction.
• Industry trends in the takeaway food sector, notably any impacts from regulatory changes or supply cost inflation.
• Timely filing of accounts and returns to maintain transparent reporting and creditworthiness.