Company Number: 14785758

Analysis Date: 2025-07-20 11:43 UTC

1. Credit Opinion: DECLINE
   Brown Hare Limited is a newly incorporated private limited company (incorporated April 2023) with minimal financial history and very limited operating scale. The latest accounts show nominal net current assets (£2) and shareholders’ funds (£2), indicating negligible capitalisation and no substantive trading or profit generation to date. There is no audit and no profit and loss information disclosed, limiting insight into operational performance. The company’s ability to service any meaningful debt or credit facility is currently unproven and extremely weak from a banking credit perspective. Without evidence of stable cash flow or asset backing, the risk of default is high.

2. Financial Strength:
   The balance sheet is minimalistic with only £2 in debtors and net current assets equal to £2. The company’s share capital is only £102, reflecting a very small equity base. There are no fixed assets or other material assets disclosed. The company is classified under “Other letting and operating of own or leased real estate” (SIC 68209) which may suggest future asset-based operations, but this is unconfirmed and not currently reflected in the balance sheet. The lack of tangible or financial assets indicates very weak financial strength.

3. Cash Flow Assessment:
   No cash or bank balances are disclosed and debtors are negligible. Net current assets are only £2, implying minimal working capital. The absence of profit and loss data prevents assessment of operating cash flow, but given the extremely small balance sheet, liquidity is likely very constrained. The company is unlikely to generate sufficient internal cash flow to cover debt service or working capital needs in the near term.

4. Monitoring Points:

• Future filing of audited or more detailed accounts including profit and loss statements.
• Evidence of asset acquisition or capital injection increasing the equity base and net assets.
• Generation of consistent operating revenues and positive cash flows.
• Changes in director or shareholder structure that may affect governance or financial support.
• Any bank facilities granted and the company’s adherence to repayment terms.