Company Number: 12613298

Analysis Date: 2025-07-20 16:18 UTC

1. Credit Opinion: APPROVE with conditions.
   AL NISA LIMITED is a micro-entity retail business with minimal financial complexity. The company shows modest but positive net current assets and net equity, indicating a small buffer over current liabilities. The financials demonstrate a stable but low level of working capital and equity, typical for a micro retail operation. The director has maintained filing compliance and shows no red flags. However, the company’s scale and profitability details are limited, suggesting credit exposure should be modest and monitored carefully. Approval is contingent on manageable facility size and regular review of liquidity.

2. Financial Strength:
   The company’s net assets increased from £731 in 2023 to £1,337 in 2024, reflecting a small but positive growth in equity. Current assets rose slightly to £3,679 against current liabilities of £2,342, producing a net current asset position of £1,337. There are no fixed assets or long-term liabilities reported, consistent with a micro retail business model. The balance sheet is simple and indicates low financial leverage or risk from debt. Share capital is nominal at £1, showing the company is likely owner-funded or relies on internal cash flow.

3. Cash Flow Assessment:
   Cash specifics are minimal but the company maintains positive net current assets and working capital, implying it can meet short-term obligations. The average employee count of one suggests low overhead costs. The slight improvement in working capital from 2023 to 2024 indicates a stable liquidity position, but the absolute values are low, limiting the company’s capacity to absorb financial shocks or unexpected expenses without external support.

4. Monitoring Points:

• Monitor liquidity metrics and net current assets to ensure ongoing ability to meet current liabilities.
• Watch for any increase in current liabilities or delayed payments that could strain working capital.
• Review turnover and profitability figures as they become available to assess cash generation capability.
• Confirm continued compliance with filing deadlines and absence of director or credit negative events.
• Track any changes in business scale or operating environment that might impact credit risk.