Company Number: 14485061

Analysis Date: 2025-07-20 18:58 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   ZAC NURSING LTD is a newly incorporated micro-entity in the general medical practice sector with limited financial history. The company shows positive net current assets and shareholder funds, indicating initial capital injection or retained earnings. However, turnover is modest (£27,697 for 2023), and there is no fixed asset base or significant current assets reported. Given the early stage of trading, credit approval should be conditional on continued monitoring of trading performance and cash flows to ensure debt servicing capability.

2. Financial Strength:
   As of 30 November 2024, the company reports net current assets of £5,626 and shareholders’ funds of £5,626, reflecting a modest but positive equity position. The absence of fixed assets suggests limited capital expenditure to date, which is typical for a start-up in the medical practice space. The balance sheet is simple with no long-term liabilities indicated, reducing financial risk. However, the company’s scale and asset base remain very small, limiting financial resilience.

3. Cash Flow Assessment:
   Current liabilities are shown as a negative amount (£-5,626), which appears to be a presentation anomaly; most likely it means creditors of £5,626. With net current assets positive, liquidity is adequate to cover short-term obligations at this point. The company employs only one person, suggesting low fixed overheads. However, turnover is low and there is no cash flow history or details on cash balances, so cash flow stability and working capital management must be watched closely.

4. Monitoring Points:

• Turnover growth trajectory and profitability to ensure sustainable operations.
• Cash flow statements and bank balances to assess liquidity trends.
• Aging of trade creditors and any emerging payables pressure.
• Director’s management actions and any changes in capital structure or external funding.
• Filing of annual accounts and confirmation statements on time to maintain compliance and transparency.