Company Number: 12875764

Analysis Date: 2025-07-29 18:56 UTC

1. Credit Opinion: APPROVE
   Vicky Addison Ltd shows a stable financial position with consistent net current assets and shareholders' funds over the last three years. The company has maintained positive working capital and current assets exceed current liabilities comfortably. There are no overdue filings or indications of distress such as liquidation or administration. The director is the sole employee, indicating a small, tightly controlled operation. Given the company’s stable financials, no adverse director conduct, and timely compliance, the risk on extending credit is low.

2. Financial Strength:
   The balance sheet reflects a small but solid financial base with shareholders’ funds marginally increasing from £5,052 in 2021 to £6,034 in 2024. Total current assets stand around £10k, consisting mainly of cash (£5.6k) and trade debtors (£4.4k). Current liabilities have decreased slightly to £4k, resulting in net current assets of approximately £6k. The company has no fixed assets reported, indicating limited capital investment but also low depreciation risk. The increase in equity suggests retention of some profits, reinforcing financial stability.

3. Cash Flow Assessment:
   Liquidity appears adequate with cash balances covering more than 1.4 times the current liabilities. Trade debtors are closely matched with previous years, showing steady receivables management. Net working capital is positive and stable, indicating good short-term financial health and the ability to meet near-term obligations. The company pays dividends regularly to the director, which is sustainable given the equity levels but should be monitored for any impact on liquidity.

4. Monitoring Points:

• Monitor trade debtor ageing and collection efficiency to maintain liquidity.
• Watch dividend payments relative to retained earnings to avoid eroding working capital.
• Keep an eye on any changes in current liabilities or unexpected increases in tax/social security obligations.
• Confirm continuation of timely filing of accounts and confirmation statements.
• Assess business performance as the company remains a micro-sized entity with limited asset base and a single employee.