Company Number: 12822605

Analysis Date: 2025-07-20 14:48 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Cian Ltd shows signs of stabilizing after previous years of net liabilities, shifting to a marginally positive net asset position (£2) as of 31 August 2024. However, the company's financial stature is extremely fragile, with minimal equity and working capital. Given the micro-entity size and limited operational scale (1 employee), the ability to service debt is susceptible to cash flow fluctuations. Credit approval should be conditional on close monitoring and possibly limited credit exposure until stronger financial cushions develop.

2. Financial Strength:
   The balance sheet reflects a micro business with minimal fixed assets (£1) and very thin net current assets (£1). After consecutive years (2021-2023) of negative net assets ranging from -£225 to -£392, the company has returned to a positive but negligible net asset position of £2 in 2024. Shareholders’ funds have similarly improved from negative to positive but remain insignificant. This indicates a fragile capital base lacking buffer against operational or market shocks. The director’s loan (£1,562) classified as other debtors provides some internal financing but is unsecured and repayable on demand, which may limit external lender confidence.

3. Cash Flow Assessment:
   Current assets (£2,519) barely cover current liabilities (£2,518), resulting in net current assets of just £1 — an extremely tight working capital position. The company’s liquidity is constrained, leaving little room for unforeseen expenses or delays in receivables. The small scale of operations and single director/employee suggests limited cash inflows. The director has extended a loan to the company, which may be supporting liquidity but is not a sustainable long-term funding solution.

4. Monitoring Points:

• Continued improvement or stability in net assets and net current assets going forward.
• Cash flow statements if available, to confirm operating cash generation or reliance on director advances.
• Timely filing of accounts and returns, which is currently up to date but must be maintained.
• Any changes in director’s loan balances, especially repayments or additional advances.
• Business activity trends under SIC 82990 to assess market position and resilience.