Company Number: 12506668

Analysis Date: 2025-07-20 12:13 UTC

1. Credit Opinion: APPROVE
   CJD Roofing & Cladding Ltd demonstrates a solid financial position with improving net assets and working capital over recent years. The company shows strong balance sheet growth and positive equity, indicating good financial stewardship by management. Despite being a micro-entity with a single employee, the company’s liquidity and asset base support its ability to service credit facilities. No adverse director conduct or overdue filings are noted, which strengthens creditworthiness.

2. Financial Strength:
   The balance sheet shows a steady increase in total net assets from £15,536 in 2020 to £162,598 in 2024, primarily due to growth in fixed assets (from £15,825 to £96,594) and current assets (from £9,413 to £121,490). Net current assets have increased significantly to £66,004, reflecting improved working capital management. Shareholders’ funds mirror net assets, indicating no hidden liabilities. The company operates comfortably within micro-entity thresholds with low leverage.

3. Cash Flow Assessment:
   Current assets substantially exceed current liabilities (current ratio ~2.19 in 2024), signaling strong liquidity to cover short-term obligations. The company maintains positive net current assets, reducing risk of cash flow shortfalls. With only one employee, operating expenses are likely low, supporting operational cash flow. However, detailed cash flow statements are not provided, so ongoing monitoring of receivables and payables cycles is recommended.

4. Monitoring Points:

• Continued growth and maintenance of positive net current assets to ensure liquidity.
• Watch for any significant increase in current liabilities that could pressure working capital.
• Monitor trade receivables aging for timely collections.
• Observe any changes in fixed asset base to ensure they contribute to revenue generation.
• Keep track of director and company filings to avoid compliance risks.