Company Number: 13101783

Analysis Date: 2025-07-20 12:13 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   WE'VE GOT PLANS LTD is a micro-entity operating in online retail (SIC 47910) showing positive net assets and profitability in its latest financial year. However, turnover remains very low (£30.5k) with a single employee, limiting scale and diversification. The company demonstrates modest profitability (£7.2k profit) and improved balance sheet strength (net assets £5.7k) compared to prior years. Given the small size and limited financial history, credit approval is recommended on a conditional basis, with limits aligned to the company's cash generation and working capital position. Careful monitoring and possible personal guarantees or collateral would be prudent to mitigate risk.

2. Financial Strength
   The company has grown net assets from zero in 2021 to £5,720 by the end of 2023, reflecting retained profits and controlled liabilities. Fixed assets (£5,180) are modest, likely reflecting equipment or software, and current assets (£7,489) exceed current liabilities, but there are significant creditors due after one year (£6,949), which should be reviewed for nature and terms. Share capital is minimal (£1), indicating limited equity buffer. Overall, the balance sheet is stable but thinly capitalized, appropriate for a micro-entity with a short trading history.

3. Cash Flow Assessment
   Current assets exceed current liabilities, indicating positive net working capital (£7,489), which supports short-term liquidity. Profit before tax (£7,980 approx.) and the positive net cash position suggest the company can meet operational cash needs currently. However, turnover is low and growth modest, so cash flow could be vulnerable to unexpected expenses or delays in receivables. The single-employee model further limits operational flexibility in cash management.

4. Monitoring Points

• Turnover growth and diversification of revenue streams to improve scale and reduce concentration risk.
• Management of creditors, especially the £6,949 falling due after one year, to ensure no liquidity squeeze.
• Continued profitability and cash flow consistency to support working capital requirements.
• Director's ability to sustain and grow the business given the sole director and shareholder status.
• Timeliness and completeness of statutory filings to avoid compliance risks.