ATAKAN UK LTD

Executive Summary

ATAKAN UK LTD is a newly formed micro-entity operating in hairdressing and real estate, with evidence of regulatory compliance and modest net equity. However, the company exhibits medium risk due to significant long-term liabilities and negative working capital, raising solvency and liquidity concerns. Further due diligence on creditor terms and cash flow is advised to better understand operational and financial stability.

ATAKAN UK LTD - Analysis Report

Company Number: 15113812

Analysis Date: 2025-07-29 20:02 UTC

1. Risk Rating: MEDIUM

The company is newly incorporated (2023) and classified as a micro-entity, which limits the financial disclosure available. The presence of significant long-term liabilities relative to fixed assets and a negative net current asset position indicates some solvency and liquidity concerns. However, the absence of overdue filings and a single director/shareholder controlling the company provides operational clarity.

2. Key Concerns:

• High Long-Term Creditors: Creditors falling due after more than one year (£90,274) exceed fixed assets (£150,500), signaling potential leverage risk.
• Negative Net Current Assets: The balance sheet shows current liabilities (£74,208) exceeding current assets (£33,426), which may imply short-term liquidity pressure.
• Single Director and Shareholder Control: Mr. Savas Gucenmez controls 75-100% of shares and voting rights, concentrating decision-making and raising governance risk.

3. Positive Indicators:

• Compliance with Filings: No overdue accounts or confirmation statements, indicating adherence to regulatory requirements.
• Positive Net Assets: Despite liabilities, net assets of £19,444 suggest some equity buffer.
• Clear Industry Focus: Registered SIC codes align with hairdressing and real estate activities, possibly reflecting diversified revenue streams.

4. Due Diligence Notes:

• Examine Terms of Long-Term Creditors: Clarify the nature and repayment schedule of the £90k+ long-term liabilities to assess refinancing risks.
• Cash Flow Analysis: Investigate operational cash flows given the negative net current assets to evaluate liquidity management.
• Director Background and Capacity: Further background on Mr. Gucenmez’s expertise and capacity to manage combined hairdressing and real estate operations.
• Business Model Viability: Explore how the company integrates hairdressing services with real estate activities and the sustainability of this model.