WORKLOAD LTD

Executive Summary

Workload Ltd is a micro, early-stage temporary employment agency with limited financial scale and a marginally positive working capital position. While the company shows no immediate distress, its thin equity and tight liquidity warrant cautious credit exposure with conditions and regular monitoring of cash flow and operational performance. Credit facilities may be approved on a conditional basis subject to close supervision.

WORKLOAD LTD - Analysis Report

Company Number: 15201480

Analysis Date: 2025-07-29 16:43 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Workload Ltd is a newly incorporated micro company operating as a temporary employment agency specialized in construction personnel. Its financials show a very modest net asset base (£484) with current liabilities slightly exceeding current assets, indicating tight working capital. The company has minimal fixed assets and limited equity capital (£100 share capital), reflecting its early stage and low financial buffer. Given the short operating history (just over 1 year) and limited financial scale, credit facilities can be considered but should be closely monitored with conservative limits and conditions, such as periodic financial updates and restriction on overdraft or unsecured borrowing.

2. Financial Strength:
   The balance sheet shows net current assets of £87, which is marginally positive but very close to a breakeven working capital position. The company’s net assets stand at £484, supported by minimal fixed assets (£397). The limited equity base and low asset values suggest a fragile financial position. However, there are no indications of overdue filings or financial distress. The business classification as micro and the single employee headcount reflect an early-stage company with limited operational scale.

3. Cash Flow Assessment:
   Current liabilities (£16,582) slightly outweigh current assets (£14,263), including prepayments and accrued income (£2,406), indicating potential liquidity constraints. The company’s ability to meet short-term obligations depends on cash inflows from operations and tight management of payables and receivables. Given the industry (temporary staffing), cash flow volatility is possible, so working capital management will be critical. No cash or bank balances are explicitly stated, so further enquiry on cash holdings would be prudent before extending credit.

4. Monitoring Points:

• Quarterly cash flow statements to track liquidity trends.
• Aging of creditors and debtors to identify collection or payment delays.
• Updates on contract wins or renewal in the construction staffing sector.
• Any increase in share capital or retained earnings improving equity base.
• Director and management changes or additional borrowing requests.