UR PRINT LIMITED

Credit Opinion: CONDITIONAL

UR PRINT LIMITED is an active private limited company incorporated in 2011, operating in the printing sector (SIC 18129). The company has filed all accounts and confirmation statements on time, with the latest accounts made up to 31 March 2025. Shareholders’ funds have grown from £5,694 in 2017 to £139,483 in 2025, and total assets reached £276,233 at the last year end. The balance sheet appears equity-funded with limited external liabilities relative to assets.

However, the company is classified as Micro, meaning published accounts contain limited detail and no profit and loss or cash flow statement is available. Share capital is nominal at £1.00, and control is concentrated in a single director who is also the person with significant control holding over 75% of shares. Without recent profit, cash flow, or working capital detail, repayment capacity cannot be fully evidenced from public filings alone.

Facility approval would be conditional on receipt of recent management accounts (including profit and loss, cash flow and debtor/creditor aging), bank statements, and either a personal guarantee or appropriate security given the micro-entity disclosure limitations.

Financial Strength

The balance sheet shows a sustained improvement in net worth over the reporting period. Shareholders’ funds increased from £10,113 in 2016 to £139,483 in 2025, with total assets growing from £12,607 to £276,233 over the same period. At 31 March 2025, total liabilities were approximately £90,234 against total assets of £276,233, indicating a low-geared, predominantly equity-funded position.

The micro filing status restricts visibility into asset quality, fixed versus current asset split, and the maturity profile of liabilities. Share capital remains nominal at £1.00, so the balance sheet strength rests entirely on accumulated reserves rather than subscribed capital.

Cash Flow Assessment

Filed micro accounts do not include a cash flow statement, and the data provided contains cash balances only for 2020 (£20,385) and 2021 (£64,529). No cash figure is disclosed for 2022 through 2025. Consequently, current liquidity and operating cash generation cannot be assessed from public filings.

Working capital is also difficult to evaluate because the debtor and creditor components of current assets and current liabilities are not broken down in the summary data. The company’s ability to service debt will depend on cash conversion from trade debtors and the timing of creditor payments, neither of which is visible in the filed accounts.

Monitoring Points

• Quarterly management accounts: profit and loss, balance sheet and cash flow to verify trading performance and repayment capacity
• Debtor aging and concentration: reliance on a small number of print customers could increase credit risk
• Creditor days and HMRC position: any accumulation of tax arrears would signal cash flow pressure
• Cash balance trends: monthly minimum cash cover against proposed debt service
• Changes in ownership or control: the single PSC structure means any change in the director’s involvement could affect continuity
• Compliance with any covenants: minimum net assets or interest cover, if imposed