Company Number: 13484955

Analysis Date: 2025-07-20 11:33 UTC

1. Risk Rating: LOW
   Walkers Eyecare Ltd demonstrates solid financial health with positive net current assets, increasing profitability, and no overdue filings. The company appears to have sufficient liquidity and no evidence of regulatory compliance issues.

2. Key Concerns:

• Moderate reliance on trade debtors (£38,871) relative to cash (£41,501), which may affect short-term liquidity if collection slows.
• Provisions for liabilities have increased (£1,127 in 2023 vs £244 in 2022), warranting review to understand nature and adequacy.
• Recent director turnover with appointment in October 2023 may require monitoring for any operational impact.

3. Positive Indicators:

• Consistent profit growth: profit before tax increased from £31,617 (2022) to £43,830 (2023).
• Strong liquidity position: net current assets of £30,324 and cash balance increased significantly from £16,290 to £41,501.
• Compliance: No overdue accounts or confirmation statement filings; company maintains active status.
• Ownership: Single majority shareholder (Ilharia Holdings Limited) with full control, suggesting stable governance.

4. Due Diligence Notes:

• Clarify the nature and expected timing of provisions to assess potential future cash outflows.
• Evaluate debtor aging and credit policies to confirm collectability and liquidity risk.
• Investigate impact, if any, of director change on company strategy or operations.
• Confirm absence of related party transactions or contingent liabilities not disclosed in abridged accounts.