WINK'S PHG LTD

Executive Summary

WINK'S PHG LTD is a newly formed small business with a solid net asset base relative to its size and no current external liabilities beyond short-term creditors. The company demonstrates adequate liquidity and sound initial capitalization but lacks operational scale and trading history. Credit approval is recommended with cautious exposure limits and ongoing monitoring of financial progress and compliance filings.

WINK'S PHG LTD - Analysis Report

Company Number: 15637234

Analysis Date: 2025-07-20 16:36 UTC

1. Credit Opinion: APPROVE with caution.
   WINK'S PHG LTD is a newly incorporated micro-entity operating in plumbing and HVAC installation. The company shows a positive net current asset position and net assets of £18,163 as at 30 April 2025. While the financial base is modest, the absence of overdue filings, a single director with full control, and a small workforce indicate controlled management and low operational complexity. The company’s ability to meet short-term liabilities is demonstrated, but given the limited operating history and scale, credit exposure should be carefully sized and monitored.

2. Financial Strength:
   The balance sheet exhibits net current assets of £18,163, with current assets of £25,875 against current liabilities of £7,712. The company is entirely equity-funded with shareholders’ funds equal to net assets, indicating no external borrowings as of the last accounts. This healthy liquidity buffer suggests prudent initial capitalization. However, the scale of operations is very small with one employee, and fixed assets are not reported, implying limited operational capacity or capital investment so far.

3. Cash Flow Assessment:
   Current assets predominantly represent cash or receivables sufficient to cover current liabilities nearly 3.4 times over, indicating sound short-term liquidity and working capital management. The micro-entity status means detailed cash flow statements are not provided, but the net current asset surplus suggests the company can service immediate obligations. Continued positive cash flow will depend on maintaining or increasing turnover, which is not yet reported.

4. Monitoring Points:

• Business growth and revenue generation to ensure sustainability beyond initial capitalization.
• Timely filing of next accounts and confirmation statements to maintain regulatory compliance.
• Changes in working capital dynamics, especially any increase in liabilities or decrease in cash balances.
• Financial performance indicators once turnover and profit data become available in future filings.
• Director conduct and governance given single director control to mitigate concentration risk.