Company Number: 14104665

Analysis Date: 2025-07-20 12:22 UTC

1. Credit Opinion: APPROVE
   NFL LTD shows a positive net asset position that has more than doubled over the past two years, indicating improving financial stability. The company maintains a strong working capital position with net current assets of £15,260 as at 31 May 2024, suggesting sufficient liquidity to meet short-term obligations. The directors have timely filed accounts and confirmation statements with no overdue filings. Given the company’s active status, consistent positive net assets, and absence of any adverse director conduct, the credit risk appears low. Approval for credit facilities is recommended, subject to usual verification and monitoring.

2. Financial Strength:
   The balance sheet demonstrates sound financial health for a micro-entity. Net assets increased from £7,022 in 2022 to £15,260 in 2024. Current assets rose substantially from £12,589 to £25,994, while current liabilities increased moderately from £7,567 to £10,734, resulting in improved net current assets. The absence of fixed assets in 2024 may indicate a strategic shift or asset disposal but does not adversely affect liquidity. Shareholders’ funds mirror net assets, reflecting no external debt and a clean capital structure.

3. Cash Flow Assessment:
   NFL LTD’s working capital position is robust, with current assets more than twice current liabilities, indicating good short-term liquidity. The company reportedly employs only one staff member, suggesting low fixed overheads and operational costs. Although micro-entity accounts do not provide detailed cash flow statements, the growth in net current assets points to effective cash management. No indications of liquidity stress or reliance on external short-term borrowing are present.

4. Monitoring Points:

• Maintain close monitoring of cash flow, especially as the company grows or takes on additional credit exposure.
• Review any changes in fixed assets or capital expenditures that could impact liquidity.
• Track timely filing of accounts and confirmation statements to ensure compliance remains current.
• Observe the directors’ ongoing involvement and any changes in ownership or control that may affect governance.
• Monitor industry conditions in road and motorway construction for economic or regulatory impacts.