Company Number: 14602129

Analysis Date: 2025-07-29 12:41 UTC

1. Credit Opinion: APPROVE with conditions. Zebra Shutters Ltd is a newly incorporated micro-entity with only one set of accounts filed, showing modest net assets and positive net current assets. The company is active with no overdue filings. However, as a start-up with limited financial history and small scale, credit exposure should be limited and closely monitored. Approval is recommended for small credit facilities with conditions on timely financial reporting and ongoing trading performance.

2. Financial Strength: The balance sheet as of 31 January 2024 shows current assets of £8,158 against current liabilities of £5,225, yielding net current assets of £2,933. Total net assets equal £2,933, representing shareholders’ funds and retained earnings since incorporation. The company operates within micro-entity thresholds with only two employees. There is no indication of fixed assets or long-term borrowing. This suggests a simple, asset-light structure typical for a start-up in joinery installation.

3. Cash Flow Assessment: The net current asset position is positive but modest, indicating a small buffer to cover short-term liabilities. Without detailed cash flow statements, it is difficult to assess liquidity fully, but the positive working capital position suggests the company can meet immediate obligations. Given the small scale and limited trading history, cash flow might be vulnerable to fluctuations in receivables or payables. Regular monitoring of cash conversion cycles and debtor days is advised.

4. Monitoring Points:

• Timely filing of next accounts and confirmation statement to ensure compliance.
• Revenue growth and profitability trends to assess business trajectory.
• Maintenance or improvement of net current assets to safeguard liquidity.
• Any changes in directors or significant control that may impact governance.
• Receipt and settlement patterns of trade creditors and debtors to monitor operational cash flow health.