Company Number: 13185578

Analysis Date: 2025-07-19 12:54 UTC

1. Risk Rating: MEDIUM

Justification: BELINA82 LIMITED shows small scale operations typical of a micro-entity with limited fixed assets and low current assets relative to current liabilities. While it remains solvent with positive net assets, the declining net assets and low liquidity present moderate financial risk concerns.

2. Key Concerns:

• Liquidity constraints: Current assets (£965) are significantly lower than current liabilities (£3,520) as of 2024, indicating potential short-term cash flow difficulties.
• Declining net assets: Net assets reduced from £13,477 in 2023 to £10,036 in 2024, reflecting a weakening equity base that could impact solvency if the trend continues.
• Limited operational scale: The company employs only 1 person and operates as a micro-entity in hospital activities, suggesting limited revenue scale and potential vulnerability to market or operational shocks.

3. Positive Indicators:

• Compliance: The company is up to date with filings, including accounts and confirmation statements, with no overdue reports.
• Ownership and management stability: The sole director and 75-100% shareholder, Vanessa George Monohan, has been in position since incorporation, indicating continuity of control and governance.
• No indication of legal or regulatory issues: The company is active with no signs of liquidation or administration and no director disqualifications noted.

4. Due Diligence Notes:

• Investigate the nature and timing of liabilities classified as current and longer-term creditors (£3,520 in 2024) to assess repayment schedules and potential refinancing needs.
• Seek clarification on revenue generation and profitability trends, given the decline in net assets and low working capital.
• Confirm whether there are any contingent liabilities, related party transactions, or operational risks not evident from the micro-entity accounts.
• Review strategic plans or forecasts to understand sustainability and growth prospects, especially given the micro scale and hospital activity classification.