Company Number: 14063252

Analysis Date: 2025-07-29 19:54 UTC

1. Credit Opinion: APPROVE with caution. FixerDry Limited is a very small micro-entity operating in joinery installation, with a stable but modest financial profile. The company shows positive net current assets and shareholder funds, indicating it can meet short-term liabilities. However, as a recently incorporated firm (2022) with limited asset base and no audit, the credit risk is moderate. Approval is recommended with limits aligned to its scale and ongoing monitoring of cash flow.

2. Financial Strength: The balance sheet shows minimal fixed assets (£918) and modest current assets (~£18,000), mainly cash and receivables, supporting current liabilities of around £6,800-£8,200. Net current assets and shareholder funds stand at approximately £24,000 in 2025, slightly down from £27,000 in 2024, reflecting a small decline in net working capital. The company is solvent with positive equity and no long-term liabilities, but the capital base is thin, consistent with a micro business.

3. Cash Flow Assessment: Liquidity appears sufficient for short-term obligations given net current assets of £23,131 in 2025. The company’s working capital is positive, supported by prepayments and accrued income, which may indicate ongoing contracts or billing advances. The slight reduction in current assets and increase in creditor position from 2024 to 2025 should be monitored to ensure cash flow remains steady. Limited employees (average 2) keep fixed costs low.

4. Monitoring Points:

• Track net current assets and creditor levels for any signs of tightening liquidity.
• Monitor revenue growth and profit margins once detailed P&L data is available.
• Keep watch on the director’s conduct and any changes in control or ownership.
• Confirm ongoing compliance with filing deadlines and regular submission of accounts.
• Watch for any unexpected increases in liabilities or working capital erosion.