Company Number: 13558010

Analysis Date: 2025-07-29 19:11 UTC

1. Credit Opinion: APPROVE Wishtree Financial Services Limited demonstrates a stable financial position with consistently positive net current assets and shareholders' funds. The company operates in financial services with low asset intensity and limited liabilities. It has maintained compliance with filing deadlines and shows no signs of financial distress or governance concerns. The presence of experienced directors with full control aligns with prudent management oversight. Given the modest scale and low-risk profile, the company is creditworthy for reasonable credit facilities.

2. Financial Strength: The balance sheet reveals modest but positive net assets of £68,886 as of 31 March 2024, down slightly from £74,209 in the prior year, reflecting a small decrease in retained profits but no underlying solvency issues. Tangible fixed assets are fully depreciated, so asset backing is primarily cash and receivables. Current liabilities at £27,813 are well covered by current assets, leaving net current assets of £68,886, indicating solid working capital. Shareholders’ funds represent the entire equity base, showing no debt leverage.

3. Cash Flow Assessment: Cash balances remain healthy at £96,699 with working capital comfortably positive. Current liabilities largely comprise corporation tax (£14,742), directors’ loans (£4,697), and accruals, all manageable within current cash resources. The company’s ability to meet short-term obligations is strong, and no overdrafts or external borrowings are reported. The consistent cash position over recent years suggests stable cash generation from operating activities.

4. Monitoring Points:

• Profitability trends and tax liabilities: Monitor if corporation tax continues to be a significant outflow impacting cash.
• Directors’ loans: Review any changes in directors’ loan accounts for potential related party risk.
• Business growth: Watch for revenue and profit growth to improve reserves and reduce reliance on directors’ loans.
• Regulatory compliance: Given the financial services sector, regulatory changes or compliance issues could affect performance.