Company Number: 14267772

Analysis Date: 2025-07-20 18:28 UTC

1. Credit Opinion: APPROVE with caution. China Chef 94 Limited is an active micro private limited company operating in the takeaway food sector since 2022. The company shows modest net assets and positive working capital, indicating it can meet short-term obligations. However, the financial scale is small with limited historical data, and the absence of employees suggests minimal operational complexity. Given the stable but limited financial base, credit facilities could be approved but should be aligned with the company’s size and risk profile, possibly with limits on exposure and regular monitoring.

2. Financial Strength: The balance sheet shows net assets of approximately £3,021 for the years ending 2023 and 2024, with total current assets of £16,222 and current liabilities of £13,201 as of 2024. This reflects a small but positive net current asset position (working capital) of about £3,021, consistent with the prior year. The company’s capital and reserves are low but positive, and there are no indications of long-term liabilities or fixed assets. The financial position is stable but very modest, typical for a micro entity in its early years.

3. Cash Flow Assessment: Current assets primarily consist of cash or equivalents and receivables sufficient to cover current liabilities. The working capital position is positive, indicating liquidity to meet short-term obligations. The reduction in current liabilities from £24,147 in 2023 to £13,201 in 2024 improves liquidity. However, the small scale of operations and absence of employees suggest cash flows may be tight and dependent on ongoing sales and prudent cash management.

4. Monitoring Points:

• Track subsequent financial filings for growth in assets, revenues, and profitability.
• Monitor working capital fluctuations to ensure continued liquidity.
• Watch for any increase in liabilities or stagnation in net assets.
• Review director appointments and operational changes that may impact credit risk.
• Monitor sector trends in takeaway food service for external risk factors.