Company Number: 13740285

Analysis Date: 2025-07-19 11:52 UTC

1. Credit Opinion: APPROVE
   Atan Rad Limited demonstrates solid financial health for a micro-entity medical specialist practice. The company shows strong net current assets and shareholder funds, indicating adequate capacity to meet short-term obligations. The presence of a Chartered Accountant as a director adds confidence in financial stewardship. No overdue filings or signs of financial distress are evident. Credit risk is low given the company's positive working capital trend and stable ownership structure.

2. Financial Strength:
   The balance sheet reveals a consistent increase in total assets less current liabilities from £43,960 in 2021 to £172,440 in 2024, showing healthy capital accumulation. Fixed assets are minimal but typical for the industry. Current assets have grown substantially, outpacing current liabilities, resulting in a robust net current asset position (£171,122 in 2024). Shareholders’ funds have nearly quadrupled in three years, indicating retained earnings or capital injections supporting growth.

3. Cash Flow Assessment:
   Strong net current assets imply good liquidity and working capital management. Current liabilities remain modest relative to current assets, suggesting the company can comfortably cover short-term debts. The increase in current assets suggests either cash reserves, receivables, or inventory growth—likely reflecting business expansion. No audit requirement implies financial statements are unaudited, so cash flow detail is limited, but the balance sheet strength is reassuring.

4. Monitoring Points:

• Maintain vigilance on the composition of current assets to ensure liquidity (e.g., avoid excessive receivables or stock).
• Track profitability and cash generation in future filings to confirm ongoing debt servicing ability.
• Monitor director changes or any shift in ownership/control which could affect financial strategy.
• Watch for any changes in liabilities, particularly short-term borrowings, that might stress liquidity.
• Confirm timely filing of accounts and returns continues to avoid regulatory concerns.