CUSTOMSLINK LIMITED
Company number 12743047 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Financial Health Score: A- (Strong)
Customslink Limited demonstrates a robust balance sheet with strong liquidity, positive and growing net assets, and full regulatory compliance. The grade reflects excellent short-term solvency and a clear recovery from an early loss-making position. It is not an A because the filed accounts are filleted (no profit and loss account is publicly available), so profitability cannot be independently verified, and debtors have risen sharply, warranting closer monitoring.
1. Key Vital Signs
| Metric | Latest (2025) | Prior (2024) | Interpretation |
|---|---|---|---|
| Net assets | £1,604,262 | £1,004,304 | Positive and growing; shareholders’ funds exceed liabilities. |
| Cash at bank | £1,481,352 | £1,131,970 | Strong cash buffer; equals roughly 92% of net assets. |
| Current assets | £2,310,029 | £1,417,435 | Includes debtors of £828,677 and cash. |
| Current liabilities | £827,977 | £546,909 | Short-term obligations due within one year. |
| Current ratio | ~2.8 : 1 | ~2.6 : 1 | Healthy; current assets cover short-term debts nearly three times over. |
| Cash ratio | ~1.8 : 1 | ~2.1 : 1 | Very strong; cash alone covers short-term liabilities. |
| Net current assets | £1,482,052 | £870,526 | Positive working capital for day-to-day operations. |
| Fixed (intangible) assets | £122,210 | £133,778 | Capitalised development costs; modest relative to cash. |
| Filing status | Up to date | Up to date | No overdue accounts or confirmation statements. |
| Audit opinion | Unqualified | Unqualified | Independent auditor found no material issues; accounts prepared on a going concern basis. |
2. Symptoms Analysis
- Strong pulse (liquidity): Cash and current assets comfortably exceed short-term creditors. The company can meet its obligations as they fall due without strain.
- Healthy circulation (working capital): Net current assets of £1.48 million indicate ample operating headroom.
- Recovery from past illness: The first reported period (to 31 July 2021) showed negative net assets of roughly £89,000. Since then, equity has rebuilt steadily to £1.60 million, indicating a sustained turnaround.
- Possible inflammation (debtors): Debtors increased from £285,465 to £828,677. Without a profit and loss account, it is unclear whether this reflects rapid sales growth on credit or slower collection. This warrants review.
- Limited visibility: The accounts are filleted, meaning the profit and loss account was not delivered to Companies House. Turnover, gross profit, and net profit cannot be assessed from the public record.
- No distress signals: No overdue filings, no liquidation, administration, or receivership. The auditor’s report was unqualified.
3. Diagnosis
Customslink Limited is in good financial health. Its balance sheet is solvent, liquid, and improving. The company holds substantial cash reserves and has positive equity after emerging from an early deficit. There are no immediate signs of insolvency or financial distress. The main areas for clinical observation are the quality and collectability of the enlarged debtor book and the absence of public profitability data.
4. Prognosis
The outlook is favourable, provided cash collection remains effective and the business continues to generate cash. If debtors are collected promptly, the company is well-positioned to fund operations and absorb shocks. A deterioration in debtor quality or a hidden loss-making position could weaken the position, so ongoing monitoring is recommended.
5. Recommendations
- Request management accounts: Obtain the profit and loss account and cash flow statement to verify profitability and understand what drove the increase in debtors.
- Review debtor ageing: Assess the £828,677 debtor balance for age and collectability; tighten credit control if older debts are present.
- Deploy excess cash strategically: With cash representing most of net assets, consider whether some reserves should be invested in growth or returned to shareholders, subject to board approval and tax advice.
- Monitor corporate ownership: Control is held by corporate entities with significant shareholdings; ensure governance arrangements are documented and transparent.
- Maintain filing discipline: Continue submitting accounts and confirmation statements on time to preserve the clean regulatory record.
- Stress-test liquidity: Model the impact of a significant debtor default to confirm the cash buffer remains adequate.