Company Number: 13463533

Analysis Date: 2025-07-29 18:48 UTC

1. Credit Opinion: APPROVE with caution. ZINTEX LTD is a micro private limited company active in wholesale of metals and metal ores, showing steady improvement in net asset position and working capital from a negative base in its first year (2021) to modest positive net assets (£815) by June 2024. The company has no overdue filings and a stable director structure since late 2023. However, the absolute financial scale is very small, limiting buffer against adverse business conditions. Approval is recommended for modest credit facilities with prudent limits and regular monitoring.

2. Financial Strength: The balance sheet shows very low asset values and equity (£815 net assets), but a consistent positive trend over three years, recovering from initial losses. Current assets exceed current liabilities by a small margin, indicating positive working capital. There are no fixed assets or long-term liabilities reported. The company’s micro status limits detailed financial disclosure, but the minimal shareholders’ funds suggest a fragile capital base.

3. Cash Flow Assessment: Current assets of £914 against current liabilities of £99 in 2024 imply a current ratio of about 9.2x, which is strong, though the absolute amounts are small. The company appears to have sufficient liquidity to meet short-term obligations. However, the low scale of operations and minimal employee base (average 1) suggest limited cash inflow sources. Without profit and loss data, cash flow sustainability cannot be fully assessed but working capital is positive.

4. Monitoring Points:

• Track growth in turnover and profitability once detailed P&L data is available.
• Monitor any changes in director or ownership structure, given recent turnover.
• Watch for any build-up of liabilities or deterioration in liquidity.
• Review credit application for limits aligned to the company’s micro scale.
• Confirm operational stability in the metals wholesale sector amid market fluctuations.