EXCEL REPAIRS LTD
Company number 15029641 · 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: C (Fair / Guarded)
The company is solvent and up to date with its filings, but its equity has been cut by roughly half in twelve months and it now holds negative working capital. These are early warning signs rather than critical failure, but they justify close monitoring and prompt action.
Key Vital Signs
| Vital Sign | Latest (2025) | Prior (2024) | Interpretation |
|---|---|---|---|
| Net Assets / Shareholders’ Funds | £8,396 | £16,648 | The equity cushion has halved. Like unintended rapid weight loss, this suggests the business consumed its own reserves. |
| Net Current Assets (Working Capital) | –£871 | +£5,064 | Current liabilities now exceed current assets. This is a sign of liquidity strain, comparable to low blood pressure. |
| Current Ratio | ~0.92 : 1 | ~1.48 : 1 | Below 1.0 means short-term assets may not be enough to cover short-term debts as they fall due. |
| Total Assets | £19,274 | £27,161 | The balance sheet contracted by about 29%; the business is smaller than a year ago. |
| Fixed Assets | £9,267 | £11,584 | Likely depreciation or disposals; the long-term asset base is shrinking. |
| Current Assets | £10,007 | £15,577 | Cash, stock and debtors are down by about 36%; fewer immediate resources are available. |
| Creditors due within one year | £10,878 | £10,513 | Short-term obligations are slightly higher, squeezing the remaining current assets. |
| Filing Compliance | Up to date | Up to date | Accounts and confirmation statement are not overdue; no administrative distress. |
Diagnosis
EXCEL REPAIRS LTD is an active private limited company incorporated in July 2023 and classified as a micro-entity. It operates in the repair of household appliances and home and garden equipment.
On the surface, the company is solvent: total net assets remain positive at £8,396, and there are no signs of insolvency proceedings such as liquidation or administration. Filings are current, which is a healthy administrative sign.
However, the underlying trend is concerning. Net assets fell from £16,648 to £8,396 over the year to 31 July 2025. Because micro-entity accounts filed at Companies House do not include a published profit and loss account, the public record does not show turnover or operating profit. Nevertheless, the contraction in shareholders’ funds strongly suggests the business operated at a loss during the period, assuming no dividends were paid and no new capital was introduced.
Most notably, working capital has turned negative. Current assets of £10,007 no longer cover creditors due within one year of £10,878, leaving a shortfall of £871. In medical terms, the patient is conscious but has low blood pressure: it can continue operating, but has little buffer if income is delayed or an unexpected bill arrives.
Ownership is concentrated, with one person with significant control holding more than 75% of shares and voting rights. This can allow rapid decision-making, but it also means financial recovery depends heavily on that individual’s choices and resources.
Prognosis
Guarded, but treatable. The company is not insolvent, and the absolute sums involved are modest. A return to profitability, tighter credit control, or a modest capital injection could quickly restore positive working capital. If the loss-making trend continues, however, the negative working capital position could worsen, potentially leading to cash flow pressure and difficulty paying suppliers as they fall due.
Recommendations
- Introduce monthly management accounts. Prepare a simple profit and loss statement and cash flow forecast each month to identify exactly where money is being lost and when cash will be needed.
- Restore positive working capital. Chase outstanding customer invoices promptly, agree slower payment terms with suppliers where possible, and avoid taking on new short-term debt unless it is matched by incoming work.
- Review pricing and job profitability. Ensure each repair job covers its direct costs and contributes to overheads. Small pricing adjustments may be enough to swing the business from loss to profit.
- Protect cash reserves. Defer non-essential fixed asset purchases until current assets comfortably exceed current liabilities again.
- Consider a capital injection. If the person with significant control can introduce funds, even a small amount would clear the £871 working capital deficit and provide a safety buffer.
- Maintain filing discipline. Continue to submit accounts and confirmation statements on time to avoid penalties and keep the company in good standing.