Company Number: 14759529

Analysis Date: 2025-07-29 12:51 UTC

1. Credit Opinion: APPROVE with conditions

Williams Tucker Limited is a recently incorporated micro-entity with limited operating history (incorporated March 2023). The latest financials for the year ended March 2024 show a modest but positive net asset base of £25,296 and working capital of £22,199, indicating initial financial stability. The company is active, with no overdue filings, which reflects compliance discipline. The principal director and controlling shareholder, Mr. Marcus Jay Williams, has full control and appears to provide stable management. However, the company’s small size, limited asset base (£3,655 fixed assets), and early stage of operations mean credit exposure should be modest. Approval for credit facilities is reasonable but should be conditional on regular monitoring of trading performance and cash flow as the company grows.

2. Financial Strength:

The balance sheet shows net assets of £25,296, primarily supported by current assets (£43,376) against current liabilities of £21,271, yielding strong net current assets of £22,199. Fixed assets are minimal (£3,655), consistent with a service or light engineering business. Accruals and deferred income are low (£558). The capital and reserves amount to net assets, indicating no external long-term borrowing. Overall, the financial position is sound for a micro-entity, with no indications of leverage or solvency risks at this early stage.

3. Cash Flow Assessment:

Current assets largely consist of cash or equivalents and receivables, sufficient to cover short-term liabilities comfortably (current ratio approx. 2:1). Working capital is positive, suggesting adequate liquidity to meet obligations when due. The company employs 2 staff on average, implying manageable payroll commitments. Given the early stage, detailed cash flow statements are unavailable, but the balance sheet position suggests the company can meet short-term commitments without stress.

4. Monitoring Points:

• Trading and profitability trends as future accounts become available.
• Changes in working capital, especially debtor days and creditor terms.
• Any increase in debt or contingent liabilities.
• Director changes and corporate governance developments.
• Compliance with filing deadlines continues to avoid regulatory penalties.
• Impact of industry sector dynamics in engineering and construction of water projects on cash flow and credit risk.