BRITISH RAJ NUMISMATICS LTD

Executive Summary

British Raj Numismatics Ltd is a small, micro-entity company with modest financial resources but currently meets its short-term obligations and maintains compliance with filing requirements. The company’s limited scale, concentrated ownership, and accruals relative to net assets warrant cautious monitoring of liquidity and operational sustainability. Overall, there are no immediate red flags, but further due diligence on cash flows and business model robustness is recommended.

BRITISH RAJ NUMISMATICS LTD - Analysis Report

Company Number: 14449624

Analysis Date: 2025-07-29 14:46 UTC

1. Risk Rating: LOW
   The company is newly incorporated (October 2022) and classified as a micro-entity with modest financials. The latest accounts show positive net current assets and no overdue filings, indicating initial financial stability and compliance.

2. Key Concerns:

• Limited Financial Scale: With net assets of only £349 and current assets of £1,673, the company operates on a very small scale, which may limit its ability to absorb shocks or scale operations.
• Accruals and Deferred Income: The accounts show accruals and deferred income of £775, a significant portion relative to net assets, which could impact near-term cash flows if not managed carefully.
• Single Employee and Concentrated Control: The company has only one employee and two directors/shareholders, both with substantial control (25-50%), creating operational and governance concentration risk.

3. Positive Indicators:

• Compliance and Filing: No overdue accounts or confirmation statements; recent appointment of a corporate secretary suggests attention to governance and compliance.
• Positive Working Capital: Net current assets are positive at £1,123, implying the company can meet short-term obligations as of the last reporting date.
• Active Website and Market Presence: The active website and clear business focus on retail sales via mail order/internet indicate an operational business model in a niche collectible coins market.

4. Due Diligence Notes:

• Verify the nature and timing of accruals/deferred income to assess any liquidity constraints or revenue recognition issues.
• Review cash flow statements (if available) or bank statements to confirm ongoing liquidity beyond balance sheet snapshots.
• Assess the business model’s scalability and customer base given the micro entity size and limited employee count.
• Confirm no historic director or shareholder disqualifications or adverse legal actions.
• Investigate the reasons behind the two company name changes within a short period to understand any strategic or reputational implications.