Company Number: 12853720

Analysis Date: 2025-07-29 20:34 UTC

1. Credit Opinion: CONDITIONAL APPROVAL. WOZZLEBOX LIMITED is a micro-entity with a modest asset base and limited liabilities, showing positive net assets but a declining total net asset position from £2,562 in 2023 to £2,147 in 2024. The company operates in tax consultancy, bookkeeping, and IT services, industries which generally have stable demand. However, the increase in current liabilities and the presence of medium/long-term creditors indicate some cash flow constraints. The absence of employees suggests a low fixed cost base but raises questions on operational scale and revenue generation capacity. The company’s shareholder structure is dominated by Astor Holdings Limited (75-100% control) and the director, which may support financial backing but also concentrates control risk. Given these factors, credit facilities should be extended with conditions, such as monitoring of liquidity metrics and requiring updated management accounts.

2. Financial Strength: The balance sheet shows total net assets of £2,147 as of 30 September 2024, down from £2,562 the prior year. Fixed assets are small but stable (£3,838), indicating limited investment in long-term resources. Current assets (£11,713) exceed current liabilities (£9,768), yielding positive net working capital (£1,945), though this has declined since last year (£4,972). Notably, creditors falling due after more than one year increased to £3,636, reducing the total assets less current liabilities from £8,767 to £5,783. No provisions are recorded for 2024, unlike £3,500 in 2023, which may reflect resolution of prior liabilities or changes in accounting treatment. Overall, the financial position is stable but shows a slight weakening in net asset value and working capital.

3. Cash Flow Assessment: The company’s liquidity is marginally positive with net current assets of £1,945. The increase in current liabilities from £938 to £9,768 in one year is significant and could indicate delayed payments or increased short-term borrowing. The small fixed asset base and no employees suggest low operating expenses, which may help preserve cash flow. However, without detailed profit and loss or cash flow statements, it is difficult to fully assess operating cash generation. The presence of medium and long-term creditors (over £3,600) indicates some reliance on external financing, which may pressure future cash requirements. Close monitoring of accounts payable and receivables turnover is advisable.

4. Monitoring Points:

• Liquidity trends: watch net current assets and cash balances to ensure ability to meet short-term obligations.
• Creditor days and payment behavior: increased current liabilities warrant review to avoid supplier disputes or defaults.
• Financial performance: require interim management accounts to monitor profitability and cash flow generation.
• Changes in shareholder or director structure: concentration of control could influence risk profile.
• Industry developments in tax consultancy and IT services that might impact revenue streams.