Company Number: 14848360

Analysis Date: 2025-07-29 19:15 UTC

1. Credit Opinion: CONDITIONAL APPROVAL. Moors & More Ltd is a newly incorporated small private limited company operating in the resident property management sector. The company’s first set of accounts shows a modest net asset base (£21,669) with a net current liability position (-£9,328), primarily due to a director loan (£40,500) and some bank borrowings (£8,197). While this indicates the company is currently relying on director funding and short-term credit, there is no evidence of overdue filings, adverse director conduct, or operational losses at this early stage. Approval is recommended subject to ongoing monitoring of cash flow and debt servicing capability as the business establishes trading.

2. Financial Strength: The balance sheet shows tangible fixed assets of £30,996 (fixtures and fittings) net of depreciation. Current assets are £40,486 cash, with current liabilities of £49,814 consisting mainly of director loans and bank overdraft/loans. The resulting net current liabilities of £9,328 reflect short-term liquidity pressure, but the company has modest net assets supported by shareholder funds of £21,669. The financial position is typical of a start-up in its first year, with limited trading history and reliance on director funding. No long-term debt is reported.

3. Cash Flow Assessment: Cash at bank of £40,486 provides some liquidity buffer. However, current liabilities exceed current assets leading to a working capital deficit. The £40,500 loan from the director forms a significant part of short-term liabilities, indicating dependency on related party funding rather than external credit. The company reports no employees, suggesting low operational costs at this stage. The absence of an audited profit and loss statement limits insight into operational cash generation, so cash flow projections and liquidity forecasts should be reviewed closely before extending credit.

4. Monitoring Points:

• Monitor the evolution of working capital and whether the company can reduce its reliance on director loans.
• Track the company’s cash flow generation once trading activity increases to ensure it can service bank loans and trade creditors.
• Review future filing compliance and any changes in director or shareholder structure.
• Assess the company’s ability to convert fixed assets to cash if liquidity pressures arise.
• Watch for increases in trade creditors or bank overdrafts that could indicate stress.