VICKERY HYETT ARCHITECTS LIMITED

Executive Summary

Vickery Hyett Architects Limited presents a solid financial profile with strong liquidity, growing equity, and positive working capital, supported by experienced management and a niche market position. The company’s increasing current assets and cash balances underscore its ability to meet short-term obligations comfortably. Continued monitoring of debtor management and tax liabilities is recommended to maintain financial stability.

VICKERY HYETT ARCHITECTS LIMITED - Analysis Report

Company Number: 12863455

Analysis Date: 2025-07-20 15:41 UTC

1. Credit Opinion: APPROVE

Vickery Hyett Architects Limited demonstrates strong creditworthiness for lending consideration. The company is active, well-managed, and has shown consistent growth in net current assets and shareholders’ funds over the past four years. There are no indications of financial distress or legal issues. Directors have relevant experience and maintain control without disqualifications. The firm’s niche expertise in sports venue consultancy and forensic building investigations suggests a stable and growing market position.

2. Financial Strength:

• Current assets have increased steadily from £292k in 2020 to £685k in 2024.
• Cash balances remain robust, currently £501k, indicating good liquidity.
• Debtors have increased but remain well covered by cash and current assets.
• Current liabilities are moderate at £156k, with net current assets of £529k, reflecting strong working capital.
• Shareholders’ funds have grown from £204k in 2020 to £529k in 2024, showing retained earnings accumulation and equity strengthening.
• The company has no reported long-term borrowings or overdrafts, indicating low financial leverage and risk.

3. Cash Flow Assessment:

• Cash on hand is high compared to current liabilities, with cash covering liabilities over three times.
• Working capital is positive and improving, supporting operational needs and potential expansion.
• Debtor days appear to be managed adequately, considering the increase in trade debtors parallel to company growth.
• The company reports no overdrafts or short-term borrowing, suggesting it operates on a cash-positive or self-sustaining basis.
• The absence of audit requirements and small company exemptions reflect simplified but sufficient financial management.

4. Monitoring Points:

• Monitor debtor collection trends given the increase in trade debtors to ensure no cash flow bottlenecks arise.
• Watch for any significant changes in current liabilities, especially taxation and social security obligations which have increased.
• Keep an eye on profitability details when available, as the company’s income statement is not filed; ensure continued revenue growth and margin sustainability.
• Track the company’s ability to maintain or grow cash reserves amidst expansion plans, particularly in international projects.
• Observe any changes in director appointments or PSC structure that might affect governance or control.