Company Number: 13887501

Analysis Date: 2025-07-20 16:58 UTC

1. Credit Opinion: APPROVE with conditions
   Body By Bisson Ltd is a young private limited company incorporated in 2022 within the fitness facilities sector (SIC 93130). The latest accounts to 28 February 2024 show a marked improvement in financial position compared to the prior year. While the company is small and recently established, the positive trajectory and current liquidity support credit approval, subject to continued monitoring and confirmation of stable cash flow generation.

2. Financial Strength:

• The company’s net assets have increased substantially from £463 in 2023 to £42,577 in 2024, reflecting retained earnings of £42,477.
• Fixed tangible assets have grown modestly to £2,645, indicating some investment in operational capacity.
• Share capital remains nominal at £100, typical of small startups.
• The balance sheet shows a strong current asset position of £51,929 (all cash) against current liabilities of £11,997, resulting in net current assets of £39,932, which is a positive liquidity indicator.
• The prior year showed negative net current assets of (£340), so this is a significant improvement.
• Creditors due within one year have reduced sharply from £43,271 to £11,997, improving short-term solvency.
  Overall, the balance sheet is healthy for a small enterprise, with positive equity and strong net current assets.

3. Cash Flow Assessment:

• Cash reserves have increased from £42,831 to £51,929, showing a good liquidity buffer and ability to meet short-term obligations.
• No debt instruments or bank loans are reported, so the company currently operates debt-free, lowering financial risk.
• Debtors are negligible (£0 in 2024), indicating minimal credit risk from trade receivables.
• The reduction in current liabilities, including trade creditors and tax liabilities, supports a sound working capital position.
• The company’s cash generation appears robust for its size, but as a young company in fitness facilities, seasonality and market conditions should be monitored.

4. Monitoring Points:

• Ensure the company maintains or improves cash flow generation, especially as it grows and potentially takes on more trade creditors or financing.
• Monitor corporation tax liabilities as these have increased to £5,675, reflecting taxable profits; timely payment is critical.
• Track fixed asset additions and depreciation to verify operational investment supports business growth without overextending finances.
• Keep watch on any changes in directors or PSCs; currently, control is concentrated with one director, Xxxxxx Xxxxxxxxname shown to subscribers, which concentrates management risk.
• Review future filings for turnover and profit trends, as these are not disclosed here but vital for ongoing credit assessment.
• Confirm that the company continues filing accounts and confirmation statements on time (currently up to date).