Company Number: 14114334

Analysis Date: 2025-07-20 12:22 UTC

1. Credit Opinion: APPROVE with caution.
   C.GIBBS ROOFING LTD is a recently incorporated micro-entity with a clean filing record and no overdue accounts or returns. The company shows positive net assets and working capital, indicating a sound financial footing for its size and stage. However, the absence of employees and limited current assets relative to fixed assets suggest a very small operational scale. Credit facilities should be modest and closely monitored due to the company's nascent stage and limited trading history.

2. Financial Strength:
   The company’s net assets have increased from £15,774 at incorporation to £35,036 as of 31 March 2024, reflecting growth in fixed assets (likely equipment or tools) and a reduction in current assets. The balance sheet shows no long-term liabilities and positive net current assets of £1,568, indicating the company is not over-leveraged and maintains a positive equity base. This balance sheet structure is typical for micro-entities but demonstrates prudent capital structure with no external debt pressure.

3. Cash Flow Assessment:
   Current assets of £4,998 against current liabilities of £3,430 provide a modest but positive net working capital (£1,568). The low level of current assets and absence of employees suggest limited operating cash flow and potentially constrained liquidity. The company likely depends on owner funding or short-term receivables to meet obligations. Monitoring cash flow closely is advised to ensure ongoing ability to meet short-term liabilities, especially if credit is extended.

4. Monitoring Points:

• Liquidity trends: Watch changes in current assets and liabilities to detect cash flow stress.
• Profitability and reserves: Future filings should be assessed for profit generation and accumulation of retained earnings.
• Operational scale: Employee additions or turnover growth may impact credit risk.
• Director and ownership continuity: Stability in management and control supports credit reliability.
• Credit utilization: Usage and repayment patterns on any extended credit facilities.