Company Number: 15385149

Analysis Date: 2025-07-29 16:59 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Wright Access Solutions Ltd is a newly incorporated entity (January 2024) operating in scaffold erection (SIC 43991). The company’s first set of accounts shows a very small net asset base (£140) and a negative working capital position (£-2,063), reflecting current liabilities exceeding current assets. Given the company's infancy, modest fixed assets (£2,203), minimal cash (£42), and losses absorbed by creditors and tax liabilities, the financial position is fragile. However, there is no indication of overdue filings or director misconduct, and the sole director holds full control, which may facilitate swift decision-making. Credit approval should be conditional on monitoring operational progress and cash flow improvement, with limited exposure until a more robust financial track record is established.

2. Financial Strength:
   The balance sheet shows total assets of £2,245 (fixed assets plus cash) against current liabilities of £2,105, resulting in a net current liabilities position of £-2,063. This indicates a working capital deficiency and limited liquidity cushion. Shareholders’ funds are minimal at £140, reflecting the initial equity investment and accumulated results. The company’s tangible fixed assets (plant and machinery) are modest and depreciated on a reducing balance basis. Overall, the financial strength is weak at this early stage, with limited capital buffer to absorb shocks.

3. Cash Flow Assessment:
   Cash at bank is only £42, which is extremely low relative to current liabilities of £2,105 (including £1,200 other creditors and £905 tax and social security). This suggests potential liquidity stress and a reliance on creditor financing or additional capital injections to meet short-term obligations. The negative net current assets figure is a concern from a cash flow perspective. The company must demonstrate improved cash inflows from operations or external funding to sustain ongoing commitments.

4. Monitoring Points:

• Liquidity trends and cash flow generation in subsequent periods.
• Timely settlements of current liabilities, especially tax and creditors.
• Growth in turnover and gross profit margins as contracts progress.
• Any capital injections or loans to strengthen working capital.
• Director’s operational management and any changes in company control or structure.
• Filing compliance and audit status for future accounting periods.